Early elections in Greece: ‘On Tuesdays the euro, on Fridays the drachma’

Worst possible case scenario is that Greece will exit the Euro, but stay in the EU. Greece still holds too much significance for the German-dominated bloc as it will be a main energy hub along with Cyprus as a means of ending dependence on Russia.

 

 

Less than three weeks from general elections in Greece, Der Spiegel wonders about the intentions of Alexis Tsipras, the leader of the left-wing Syriza party and frontrunner in the campaign to form the next government. The German magazine sees mixed messages that leave observers across Europe “at times anxious and at others baffled” —

In any case, the magazine predicts a Tsipras-led government would be one of compromises, as Syriza is unlikely to win a parliamentary majority

The aid programs for Greece from the EU and the International Monetary Fund expire at the end of February. Negotiations to form a coalition government will likely take longer than that. And in Brussels, high-level diplomats are hopeful that the economic and political reality will catch up to the leftist ideologues in Athens.

Full article: Early elections in Greece: ‘On Tuesdays the euro, on Fridays the drachma’ (VOXEurop)

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