Showing posts with label Greek referendum. Show all posts
Showing posts with label Greek referendum. Show all posts

Saturday, 4 July 2015

Grexit has always been Tsipras' endgame

Greece's economy and society have been through the wringer over the past 6 years. Successive bailouts, haircuts, Memoranda of Understanding, and persistent austerity have mired the country in a bog of economic depression and political instability. The failed attempts of the previous Samaras coalition government (including conservative New Democracy and centrist PASOK parties) to conclude the review of the latest ‘Troika’ program and his inability to garner the 180 votes (in a 300-seat Parliament) constitutionally required for the election a figurehead President paved the way for the electoral rise of the radical left-wing Syriza party to power.