Europe (Greece) is now being compared to the 2008 Lehman
Brothers’ bankruptcy. It is believed that the next big economic meltdown is
about to begin from Greece and the rest of Europe will follow. If this is true
not only will there be social consequences, but political consequences as well.
If Syriza is not able to follow through the people will be disappointed and
will turn to the fascist alternative, Golden Dawn. If this happens, France will follow since it
is the scariest country at the moment in Europe. When looking at the opinion
polls, 25% believe in the anti-immigrant and anti- EU belief.
Another concern is that Europe’s Bank is very fragile and
even though ECB can still print money it is questioned if it should be blocked
or not. When Tsipras was elected people
believed that he would be able to talk with Merkel and Schauble and that they
would come to a conclusion. Greece would “continue to pay off the debt”, and
would be given help so that the country would not go into bankruptcy. Help was
not given and nothing has changed, if anything the catastrophe is coming closer
and closer. The economic and political consequences of Greece are one of the
next choices: defaulting on its sovereign debts, leaving the euro or even both.
It seems that the reason for this is not
only Greece’s fault; Europe has no way of compromising. Unemployment at this
moment in Greece has reached 30% of the workforce, which is almost as much as
the US during the Great Depression.
There has been many attempts over the past few months in
order to find a solution. Greece has been trying to convince Europe that they
should be helped and Europe seems to not have any solutions that are “appropriate”
for the Greeks. What will happen is a mystery and I don’t think Syriza has much
left to do. Greek citizens are in great desperation and need someone to give
them a solution. Unfortunately, if Syriza does not give a solution soon, next
election we might actually see the Golden Dawn get even more votes. The
citizens of Greece need to see a change in order for them to come to the
surface for some air.
Eugenia Marantos
04/24/2015
9:38 PM
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