Sunday’s parliamentary elections amounted to a stinging defeat for both left and right populism in Greece. After a long slog in bailout purgatory, and 4½ years under a populist government of the hard left and the nationalist right, Greeks turned decisively to the establishment center-right New Democracy party, led by Kyriakos Mitsotakis. Now it is up to the new prime minister to deliver the reforms that will permanently consign the forces of extremism to the margins.
Ousted prime minister Alexis Tsipras, leader of the leftist Syriza party, came to power promising to end austerity and rid the country of the endemic corruption of the old political system.… Seguir leyendo »
Sunday’s parliamentary election in Greece delivered a crushing blow to New Democracy and Pasok, the two dominant parties that have ruled the country for the last 37 years. In the coming weeks, expect uncertainty, shifting alliances and growing frustration as a new political landscape struggles to emerge from the wreckage of the old.
As the main backers of Greece’s second bailout and the harsh austerity measures that accompanied it, New Democracy and Pasok saw their combined share of votes plunge, as angry voters punished them for two years of wage and pension cuts and rising taxes. Pasok, in particular, which won a landslide election in 2009 and made the fateful decision to seek the financial assistance of euro zone partners and the International Monetary Fund in 2010, saw its support collapse.… Seguir leyendo »