Editorial: The world is on fire and we’re taking a nap…

It is high time that everyone – especially the politicians – understood that we are living in a world of increasing uncertainty…

Editorial: The world is on fire and we’re taking a nap… | tovima.gr

It is high time that everyone – especially the politicians – understood that we are living in a world of increasing uncertainty. Beyond the conflicts and insecurity that prevails in our greater geopolitical region, there are daily indications that the financial crisis has not only not subsided, as some European leaders claim, but rather it continues to exist and threaten important countries in Europe.

Whether we like it or not, the messages which the markets were quick to send -quicker than the political leader- are shocking. We may only see the more barbaric side, due to our special political and financial circumstance, but it would seem that they concern the whole of Europe and developed world. The crash of the Greek stock exchange market may have been louder, but similar de-investment tactics are going on in almost all stock exchange markets in the West. The same applies to the bond market, albeit to a smaller extent. Indicatively, beyond the well-known difficulties in selling Greek bonds, even Russia was unable to borrow money yesterday, as the cost of borrowing was nearly 10%…

Amidst this troubled financial climate, the government and opposition insist upon the same infertile, dangerous and polarizing competition, while escalating irresponsible petty political battles which only exacerbate our situation. The market hawks are observing this poisoned political atmosphere which further prolongs the current uncertainty and they… bombard us with their cold-blooded decisions.

We have paid for this tactic dearly, this huge deficit of essential coordination and responsibility. If the government and opposition cannot assume their responsibilities, they must at least recognize the Greek people’s agony and sacrifices. They must finally put an end to their squabbling, for the country’s benefit and their own.

TO VIMA

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