A Euro Exit Threatens Greece More Than Europe

A Euro Exit Threatens Greece More Than Europe

When the people of Greece go to the polls on 25 January, they will face some fairly fundamental choices. Contrary to what many politicians and commentators would have you believe, this election is not about whether Greeks want to stay in the euro – a majority clearly wants to. The real question is whether this latest turn in the drama will finally force Greek politicians to act in their country’s long-term interest.

Opinion polls suggest that Greek voters oscillate between anger and fear: anger about the enormous costs they have had to bear in the course of the adjustment programme; and fear of what would happen if Alexis Tsipras, head of the hard-left Syriza movement that still leads in the polls, tries to force through another cut in Greece’s international debt.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles