FINANCIAL markets held their nerve yesterday despite the
radical-left Syriza party sweeping to power in Athens. Party leader
Alexis Tsipras has pledged to fight for substantial Greek debt
“forgiveness” – ie write-off – from the European Union and its hated
technocrat enforcers, the European Central Bank (ECB) and the
International Monetary Fund(IMF).
There is much talk amid the populist post-electoral euphoria of ending Greece’s “humiliation and misery” after years of austerity. Emotive, if understandable, language.
Jobs, pay and pensions have all been ravaged in the country, with unemployment running at about 25 per cent, nearer 50 per cent for young Greeks. It is a recipe for civil disorder and has been the seedbed for the appeal of Tsipras, long on charisma, short on political experience.
Read more to Click Here / www.trade4x.net
There is much talk amid the populist post-electoral euphoria of ending Greece’s “humiliation and misery” after years of austerity. Emotive, if understandable, language.
Jobs, pay and pensions have all been ravaged in the country, with unemployment running at about 25 per cent, nearer 50 per cent for young Greeks. It is a recipe for civil disorder and has been the seedbed for the appeal of Tsipras, long on charisma, short on political experience.
Read more to Click Here / www.trade4x.net
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