Editorial: We are shooting our self in the foot
The climate of extreme polarization, which appears to become a permanent fixture of Greek politics, is not only poisoning the…
The climate of extreme polarization, which appears to become a permanent fixture of Greek politics, is not only poisoning the atmosphere ahead of the Presidential election, it is also destabilizing the perspectives of the economy. The upcoming elections for President are causing an objective political uncertainty, which is fueled and inflated by the absurd political conflict.
The results are already apparent in the collapse of the stock market and the increase of the spread of the Greek bonds. The positive developments of the past months and the recognition of our progress from our creditors and international financial observers alike went up in smoke in just a few days, due to the climate of political insecurity that has dominated. Once again, we managed to undermine our collective future by investing in fleeting political gains.
At a time where the main discussion and debate in Europe revolves around the problems of other economies, such as France and Italy, just as we managed to get out of spotlight of criticism and misery, we are in danger of getting trapped into a new cycle of general uncertainty. We are no longer on the horizon of foreign investors, perhaps for their own speculative reasons, while the Eurogroup showed that the European leaders will delay or add further conditions in order to fulfill their commitment for a debt settlement.
Neither the economy, nor can society endure this prolonged uncertainty, this climate of political tension for the next four months, until the Presidential election has been resolved. It would be in everyone’s interest if the voices of reason and responsibility prevailed, while there is still time. Because nobody will win in the end if the Greek people’s efforts and sacrifices were caught up against in the debates for European hegemony or the games of the international markets.