Greece: End of austerity?

Snap elections raise concerns that far-Left opposition could go back on multi-billion bailout deals.

Source: www.aljazeera.com

Parliamentary polls were announced after Greek MPs failed to choose a new president. According to the constitution, the vote’s failure means parliament has to be dissolved.

Uncertainty over the outcome of the January 25 parliamentary election is raising concerns that Greece’s long simmering debt crisis could be re-ignited.

Greece is showing signs of recovery after six years of recession, thanks to multi-billion dollar bailouts from the European Union and the International Monetary Fund.

Resentment remains though, over stringent austerity measures imposed as part of that rescue package.

Germany’s finance minister is warning that Greece has ‘no alternative’ to hard reforms.

But the leader of the opposition Syriza party is already announcing “austerity will be history” if his left wing party triumphs at the ballot box.

Alexis Tsipras told supporters in Athens: "Let it be clear to everyone both inside and outside the country: only the Greek people can decide, and only them. Greeks hold the key to the country.

"Today my friends is the beginning of the end of the regime that sunk the country into poverty, unemployment, grief and desperation. The beginning of the end of those who were shamelessly servants of catastrophic policies."

So could Greece go back on its multi-billion dollar bailouts? And what are the implications for the Eurozone?

See on Scoop.itPolitically Incorrect

About brexians

Demetrios Georgalas (A Surviving Globalization Consultant) was born in 1961 in Bern and grew up in Athens. In1985, graduated from Surrey University with a Tourism Management BSc (Hons). In 1998, graduated from LMTB under Freie Universitat Berlin, with a Diploma Lasers in Medicine. His professional career was started in the private sector and at the same time he created his first consulting company D+G Consultants Inc. Worked for major multinationals in Greece and abroad (FMCGs / Pharmaceuticals / Tourism). Demetrios Georgalas, having established also Travelling 2 Greece a destination management company, while with the D+G Consultants working in the areas of BTL and special marketing projects. He is activated except from Greece in the Balkans and in Turkey, consulting his clientele with new innovative proposals. Apart from his enterprising activities, he dabbles at blogging, travelling and cooking while he is married and has two children. In conclusion Demetrios Georgalas is an Athenian, Greek, Agnostic, Traveller, & Liberal he likes sci-fi, photography, blogging, travelling and cooking and if you like fascism or any kind of dogma, keep out! Δημήτρης Κ. Γεωργαλάς Γεννήθηκε στην Αθήνα το 1961, σπούδασε Τουριστική Διαχείριση στο Ηνωμένο Βασίλειο και κατέχει μεταπτυχιακό τίτλο στην Βιοτεχνολογία. Έχει εργαστεί σε μεγάλα τουριστικά γραφεία του εσωτερικού, και σε πολυεθνικές σε Ελλάδα και Εξωτερικό, στο χώρο των φαρμάκων, των ιατρικών μηχανημάτων και των FMCG’s. Από το 2001 είναι ελεύθερος επαγγελματίας, με δραστηριότητα στην διαχείριση προορισμού, τον θεματικό τουρισμό και τις ειδικές ενέργειες marketing. Είναι παντρεμένος και πατέρας δυο παιδιών, διδάσκει ειδικά θέματα εξωτερικού εμπορίου και κοινωνικής δικτύωσης, σε επιχειρήσεις και οργανισμούς. Ασχολείται ενεργά με το διαδίκτυο από το 1993 με άμεση εμπλοκή στα κοινωνικά δίκτυα και στο «ιστολογείν». Φανατικός ταξιδευτής, ερασιτέχνης φωτογράφος, μαχόμενος αγνωστικός και φιλελεύθερος. Όραμά του μια Ευρωπαϊκή Ελλάδα. https://brexians.wordpress.com
This entry was posted in Uncategorized. Bookmark the permalink.