Greek election: Candidate Alexis Tsipris hopes an earthquake will shake the euro zone Sunday

Posted on June 16th, 2012 in News and Commentary

WASHINGTON POST:   … Alexis Tsipras comes from a grand tradition in Greece’s boisterous democracy, a strident left-winger who cut his teeth in student politics and, like his predecessors in the 1970s who helped overthrow a military junta, is rattling the establishment. His student movement was called “The Earthquake,” and that’s what many worry will be felt if he becomes prime minister in a Sunday election that could determine whether Greece remains in the euro zone – or one of Europe’s central projects begins to unravel.

Tsipras has pledged to discard the austerity program the Greek government agreed to in return for international loans. Syriza party leaders say he will effectively nationalize the country’s banks. He insists that the leverage is on Greece’s side — that in the end the likes of German Chancellor Angela Merkel and International Monetary Fund Managing Director Christine Lagarde will cave and give the recession-plagued country more time and more money rather than risk a euro exit…

With Tsipras, the essential puzzle is whether to fully trust a man whose gravity-defying platform would have Greece tear up the IMF’s advice, put government officials in charge of bank lending, quickly collect the taxes no one else has been able to collect and all the while remain within the euro and restore the faith of global investors…  (more)

EDITOR:  Even Germany and France understand that their austerity proposals were mis-advised and need to be modified so that growth can occur. 

 

Share

Leave a Reply

*

More News

Credo

"....I have never made it a consideration whether the subject was popular or unpopular, but whether it was right or wrong; for that which is right will become popular, and that which is wrong, though by mistake it may obtain the cry or fashion of the day, will soon lose the power of delusion, and sink into disesteem." Thomas Paine, Common Sense, on "Financing the War", March 5, 1782

Categories

Blog Archives

NewsLanc looks back at a decade of service

NewsLanc looks back at a decade of service

NewsLanc looks back at a decade of service

At 77, we cannot be confident that there will be ...

Convention Center Series

Convention Center Series Index

Convention Center Series Index

Chapter 1: Beginnings- Revised Chapter 2: Dream Team- Revised Chapter 3: Helping ...

Honoring those who challenged the Convention Center Project

Earlier this month, NewsLanc published “The $63.6 million convention center ...

Keisling on Pennsylvania Politics

PA judge oversteps bounds in Kane executive branch patronage case

Jefferson's position was this: If the judiciary was going to ...

KEISLING: Inquirer and Patriot-News re Kathleen Kane: So much smoke, so little fire

Two of Pennsylvania's oldest newspapers flirt with irrelevance in Kane ...

Lancaster Acquisition of Harrisburg Incinerator

Prospects cloudy for Corbett’s Harrisburg bailout

Prospects cloudy for Corbett’s Harrisburg bailout

by Bill Keisling Corbett Administration officials publicly say the Act 47 ...

Coalition forming to challenge Corbett administration’s Harrisburg bailout plans involving LCSWMA incinerator purchase

by Bill Keisling Citizens dissatisfied with the Corbett administration's plan to ...

Tsukerman on Russia

The Russian Laundromat

By Slava Tsukerman The Organized Crime and Corruption Reporting Project (OCCRP) ...

The Militarization of Russia

By Slava Tsukerman On February 23, Russia celebrated “Defender Of The ...

Memoirs

Meaning of My Morning Prayer

“Blessed is the Eternal our God who has awoken me ...

“Woe is me. Woe is me. Oh woe is me!”

By Robert Field It is amusing to read and ...

Santa Monica Reporter

Post Mortem on Winter; Fifty Shades of Whips, Tyrants, and a Bond parody

By Dan Cohen, Santa Monica Reporter Last spring we suffered through ...

Notes on Oscar: A Few Last Minute Observations

By Dan Cohen, NewsLanc's Santa Monica Reporter 2014 was a lousy ...

LGH Series

Does U of P Health System intend to become a health insurance company like Geisinger?

By Robert Field Lancaster General Hospital refuses to provide information to ...

LETTER: Lancaster General manipulates health care

How many people in Lancaster realize that their health care ...