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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Sunday, June 17, 2012

As Greeks Head to Polls Again, a Fear That No One Will Win - While New Democracy appears to be running neck-and-neck with Syriza, many say they believe that Europe’s best chance to negotiate a lasting deal with Athens — and to keep down social unrest at home — would be if Syriza is in the government and part of whatever emerges.

From The New York Times:

Greeks head to the polls on Sunday for the second time in two months with a pervasive sense of dread that any government that comes to power will fail to resolve the political and economic turmoil that threatens the country’s future — and the financial stability of Europe itself.   

If the establishment center-right party New Democracy ekes out a victory in a race that polls show as tight, Greece still faces weeks or months of negotiations with European lenders over the terms of its austerity program, which all parties agree are too onerous to enforce on its rapidly shrinking economy.

A victory by the leftist party Syriza promises a more serious confrontation, especially with Germany, over how — and perhaps whether — to keep Greece in the euro zone.

While New Democracy appears to be running neck-and-neck with Syriza, many say they believe that Europe’s best chance to negotiate a lasting deal with Athens — and to keep down social unrest at home — would be if Syriza is in the government and part of whatever emerges.

“We have a brand new political landscape and it will change a lot more in the years to come, because the austerity collapsed the center,” said Nikos Xydakis, a political analyst and an editor at the daily newspaper Kathimerini. He added that the next Greek government would not have much staying power.

“The problems are huge,” he said. “Actually, the country faces collapse,” and no Greek political party has the “moral power” to win over the electorate, or “huge support from Europe.”       

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