The results of last Sunday’s elections in Greece reveal not only the deep fragmentation of the political system in Greece but also a polarized electoral environment within Greek society. Clearly the outcome of the elections signals the willingness of the Greeks to remain within the Eurozone and within the European Union structures, but also sends a stronger message domestically to the political establishment that the period of single-party governments is long gone. The electorate desires cooperation at different levels not only to overcome the crisis but also to build a safer future within the European architecture. At the same time there is a strong momentum against the austerity measures that cannot be overlooked by the forthcoming government and this will pose a considerable threat to the reforms and the implementation of the required measures by the bailout agreement. This means that the new government will face strong opposition (even on the streets) and will have to seek a more general consensus but also, push forward an agenda of renegotiation of the memorandum with the Troika.
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with Dr Tereza Capelos and Dr Theofanis Exadaktylos
Our in-house political psychology and behaviour expert, Dr Capelos, cross-examines our in-house Greek politics expert, Dr Exadaktylos, in an effort to make sense of current developments unfolding in the Euro-area and Greece itself. The exchange took place between 11.40 and 12.40 local time Continue reading »

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As Winston Churchill famously remarked once, “democracy is the worst form of government except all those other forms that have been tried from time to time”.  Certainly, last night’s announcement by the Greek Prime Minister to hold a referendum on the latest bailout package does strike one as (at best) high-risk.  The general consensus amongst both political scientists and politicians is that you only ask people to decide things when you already know the answer they’ll give: right now, it’s not at all clear either how people will respond or what answer Papandreou would like.  So why do it?

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Posted in EU, Europe, Eurozone | Tagged , | 1 Comment