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Iain Anderson

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Greece - Back From the Brink?

Posted: 18/06/2012 00:00

We might have just seen Greece and Europe step back from the brink this weekend.

The vast majority of the Greek people always believed their future lies firmly in Europe. All the main parties in this weekend's re-run election from New Democracy to Syriza firmly represented that view.

But Greek voters were offered an inherent contradiction by leading contender Alexis Tsipras from Syriza in particular - more Europe but an unwillingness to sign up to the facts of life!

With mass youth unemployment in Greece well over 50%, around 800m EUROS flowing out of the country every day in the past few weeks and 10 per cent of mainly richer voters leaving the country in the past year I can see why many Greeks saw an attraction in his policies.

And it is not surprising that younger Greeks have supported him more than the older parties with a higher percentage than in the first round.

But his platform would have been met with a firm 'nein' from Germany creating an impasse which threatened the entire European economy.

Greeks have stepped back from that moment.

Undoubtedly Greece has a long, hard road ahead of it - but it has decided that being in Europe means signing up to what needs to be done. There is undoubtedly set to be mass protest and the new coalition Government will need to keep its nerve.

The last thing Europe and Greece needs is another set of elections and more indecision. We need to see the new Greek government formed within hours committed to paying its way in the world.

And if they do we must see a strong welcome from Angela Merkel and Francois Hollande for the new Greek government's efforts.

But a welcome is not enough. Most Greek voters have stepped back from the brink and Europe needs to acknowledge that move in some way.

I'm not a really a football fan but something drew me to the Greek Euro2012 match against Russia at the weekend. It seemed just the antidote to Eurogeddon and I was certainly rooting for Greece in their hour of need.

I don't know if the football win had any impact on the Greek electorate. But after today - we should all continue to root for Greece.

 

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We might have just seen Greece and Europe step back from the brink this weekend. The vast majority of the Greek people always believed their future lies firmly in Europe. All the main parties in this...
We might have just seen Greece and Europe step back from the brink this weekend. The vast majority of the Greek people always believed their future lies firmly in Europe. All the main parties in this...
 
 
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10:56 PM on 06/18/2012
Back from the brink, REALLY. For how long!
03:52 PM on 06/18/2012
The country is bust and everyone's in denial. It might be best if it were released from the constraints of the Eurozone to find its own level in the World. Otherwise, the agony continues - it's a terrible risk but I think the outcome is inevitable.

It's somewhat ironic that Greece play Germany in the quarter finals of Euro 2012 tournament - croud response could be interesting.
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Mark B Robertson
03:24 PM on 06/18/2012
Greek austerity torture continues for forseeable future (till next month).
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NJP1
11:29 PM on 06/17/2012
no matter how much Greeks borrow, it will have to be paid back
greece imports half its food and almost all its energy, the country is bust, however big the bailout.
It is a country in sub-prime, and is the first of many. None are immune as the house of cards (including the USA) starts to fall