Europe, Europe, Europe… maybe you need another continental conflict to settle your differences:
Leftist leader Alexis Tsipras gave up his attempt to form a new government on Wednesday, pushing Greece closer to its second election in a few weeks, after voter rejection of an EU/IMF bailout plunged the country into crisis.
Last Sunday’s election, in which voters vented rage against mainstream parties over debt cutting measures imposed in exchange for the bailout, has caused deep political deadlock and brought European threats to eject Greece from the euro.
Radical Left Coalition leader Tsipras, given the second mandate to try to form a government since the election, gave up after both mainstream parties, conservative New Democracy and Socialist PASOK, refused to join an anti-bailout coalition.
The biggest party, New Democracy, had already failed to form a workable coalition and the baton will now pass to PASOK leader Evangelos Venizelos.
The neo-Nazis are open to courting last I heard. Why won’t anyone talk to them?
Just weeks ago, the idea that Greece would leave the euro zone was almost unthinkable. Now, with Greece’s newly empowered political parties refusing to abide by the terms of the country’s international loan agreement and Europe’s leaders talking tough, that outcome is looking increasingly likely.
Germany’s devotion to the euro and the European Union runs extremely deep and cuts across the political spectrum. But the frustration with Greece here is undeniable. There is a growing conviction that it is up to Greece to follow through on its commitments, that Europe is done negotiating.
“Germans are now predominantly of the opinion that they would be better off if Greece left the euro zone,” said Carsten Hefeker, a professor of economics and an expert on the euro at the University of Siegen. “If the country really is continuing on the path they are taking now, it would be hard to justify keeping them in. How do you deal with a country that says we don’t want to keep any of the commitments we have made?”
No question why this man is gloating: