En attendant…….?

George Papandreou’s risky gamble re referrendum has backfired. Although he was still able to get a vote of confidence yesterday, the political landscape in Greece will soon change under the new government of national unity soon to be formed.

lessons?

  • when we are called to take action, i.e. to choose and directly express our support or opposition, we are hesitant and step back. Choice demands action, and action demands responsibility…
  • Mr Samaras, New Democracy’s leader, has been constantly opposed the EU-IMF reform programme. He now expects the call of elections as if he is ready to oppose all the programmes, the implementation of which is necessary if we do not wish the default scenario to come true. He did not even attend the (possibly last one under his current position) Papandreou’s speech in the Parliament yesterday.  Neither did the rest of New Democracy parliamentarians, continuing to demonstrate a well-known behaviour driven by personal or party’s interests. Is Roubini right in his suggestions about the opposition party?
  • The Greek leftist parties continue to reject facing the reality and making viable propositions about what to be done.
  • Greece’s credibility has been traumatised, although there are voices around celebrating Papadreou’s decision to let people decide. But he has already infuriated his partners in and outside Greece.
  • EU’s credibility is also at stake. Big questions on the very nature of the state, sovereignty and democracy still remain open. And when the European weakest link is able to put the world markets in turbulence for 24 hours, it is obvious that the cloud of uncertainty does not only surround Greece…

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