Thursday, 24 May 2012
Politics on hold until 17 June - Election Day in Greece.
It seems that politics will be on hold until the Greek elections on 17th June.
The leaders of the EU nations, and even to some degree Barak Obama, are determined to terrify the Greek electorate into voting for one of the more traditional parties, certainly one that is for abiding by the existing agreement to implement the austerity package.
Ambrose Evans-Pritchard, in the Telegraph, reports that:
The German financial daily Handelsblatt said the Bundesbank was “holding a gun to Greece’s head”, hammering home the message that Germany will not submit to blackmail from populist politicians in Athens.
[Definition of populist: a member or adherent of a political party seeking to represent the interests of ordinary people]
We can expect most political activity over the next 3/4 weeks to be concentrated on beating the Greeks into submission – will they be crushed?