The last time Greeks faced a general election, two and a half years ago, the eurozone faced an existential crisis. There were rumors of bank runs in Athens, of pre-emptive Iberian exits from the monetary union, even of Germans unilaterally calling it quits. Greeks are now returning to the polls on Jan. 25 to face choices similar to those in 2012.
One beleaguered option is to “stay the course” of their international bailout arrangements and the harsh adjustments they impose. This is the position argued by Prime Minister Antonis Samaras. The alternative is “anything else” — a cacophonous policy mix proposed by the main opposition party, Syriza.… Seguir leyendo »