Thursday, February 13, 2014

No More lies - Greece

With the crisis dragging on in Greece, voters are growing ever more angry at the lies and spin the government coalition parties employ to distract from their corruption, incompetence and lack of vision for the future.

In May the country will vote in both local authority and European parliamentary elections and if current opinion polls prove correct, then this mark that end of the monopoly on power the nominally socialist PASOK and far right New Democracy parties have held since the late 70's.

PASOK in particular, is likely to hardest hit with possibility that its share of the vote will be as low as 4%, a startling decline from the 44% it won in the 2009 general elections. New Democracy's base is also shrinking as people,sick of austerity and endless finance scandals turn their back on them, many changing allegiance to the neo-Nazi Golden Dawn party .

The position of the two main parties is not helped by the fact that between them they have 270 million euros in non-performing loans, which have been serviced since January 2013, making them technically bankrupt.

With the prime minister announcing new taxes on food, property and cigarettes, the chances that his New democracy party will fall from second place to third place behind SYRIZA and Golden Dawn should not be ruled out.

Whatever the final tally is poor results in May's elections will further increase pressure by party supporters and backbench MPs on PM Antonis Samaras and deputy PM Evangelos Venizelos to step down, so opening the way to more instability and the possibility of new national elections in the summer.

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