Erasmo Calzadilla

Alexis Tsipras, leader of Greece’s governing Syriza Party. Photo: wikipedia.org

HAVANA TIMES — Back in January when Syriza was about to win I published a post saying how difficult it would be them to fulfill their election promises. These included a wage increase, provide assistance to the needy, reverse layoffs and reject the austerity plan of the EU Troika.  This was the program of the left coalition led by Alexis Tsipras.

To achieve such noble purposes the Greek economy would have to grow in no small way, but such growth would be almost a miracle in the midst of the serious crisis plaguing the countries of southern Europe.

Analysts who believed that the crisis was irreversible due to the global energy decline, predicting a dark future for Greece, were right on target. If politicians and the Greek people had listened to those predictions the path taken would have been different.

But no, they opted to bet on growth and now they are harvesting the bitter fruit of this misguided and irresponsible approach. Today the Greek economy lies in ruins (restrictions on access to people’s financial assets included) and the left shows a blot on his record while the right (fascism included) rubs its hands.

In a few months it will be up to Spain to decide who will govern for the coming years. I pray that the new political party Podemos wins but with the disaster facing its cousin Syriza, things look ugly.

By the way, Podemos also aspires to achieve exponential economic growth.

 

 


Erasmo Calzadilla

Erasmo Calzadilla: I find it difficult to introduce myself in public. I've tried many times but it doesn’t flow. I’m more less how I appear in my posts, add some unpresentable qualities and stir; that should do for a first approach. If you want to dig a little deeper, ask me for an appointment and wait for a reply.

22 thoughts on “Greece Succumbs, the Outcome Was Written

  • PASOK is considered a social democratic party. I never said otherwise. My use of political terminology is consistent, specific and accurate.

    The economy of Brazil is in serious trouble and a massive corruption scandal is engulfing Dilma’s government. Corruption, public & private, was the biggest cause of Greece’s economic woes.

    I did not say that austerity has not hit hard. I said that if they think the half-assed austerity budgets their government has half-heartedly enforced have been bad, they haven’t seen anything yet. Just wait till they get booted from the EU and have to go back to the drachma, and with no access to IMF or EU capital loans. That’s when the real austerity starts.

  • The spell-checker changed Syriza to Syria. Greece under the social democratic PASOK had a mixed economy, mainly capitalist but with extensive social programs and state ownership of key sectors of the economy. They also had rampant corruption,

    You can call it whatever you like, but PASOK called it Greek socialism.

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