The leader of Greek's leftist Syriza party is beginning talks with other parties on forming a coalition government to reject what he calls "barbaric" austerity measures imposed by the eu Union. Voters did not give any party a majority in Sunday's election, plunging Greece into more uncertainty. The result's a part of a wave of anti-austerity feeling that may be building momentum in Europe.
At Syntagma Square in front of parliament, the epicenter of such a lot of anti-government protests lately, Greeks gathered to read the newspaper headlines that time to a future over again choked with uncertainty.
If not one of the elected parties can form a coalition, the rustic should visit the polls once again. Athens resident Dimitros Gletzakos voiced the fears of many Greeks.
He says he believes that new elections will again bring a mixture, a contradictory and reactionary result. He says Greeks can now not take this kind of result - either emotionally, economically or practically.
Greece's two main parties saw their share of the vote plummet in Sunday's election, to the advantage of rivals at the far left and right.
Dionyssis Dimitrakopoulos, an specialist on Greek politics at Birkbeck College University of London, says there's "wisdom" within the election result. “It punishes the 2 parties which have brought the rustic on its knees, basically, so there is a clear distribution of blame. Secondly, it offers a big gamble to parts of the left like Syriza to articulate a transparent alternative and probably put it into practice," he said.
Germany, the most important driver of the austerity program mandated in return for EU bailouts, has already said that Greece must adhere to the terms of the deals struck by the former government.
Dimitrakopoulos says it's the first move in what can be a protracted renegotiation between Greece and the ecu. "A part of the issues that exist in Greece now should do with the recipe that was partially implemented between 2009 or 2010 and now. It isn't only right down to Greeks," he said.
In France on the weekend, socialist Francois Hollande won the presidency on an anti-austerity platform. U.S. economist Paul Krugman claims that as many European countries slip back into recession, there's a growing belief that policymakers got it wrong. “The notion that cutting spending, which depresses the economy, doesn't actually depress the economy, because somehow it improves confidence and results in more spending," he said.
Polls have delivered a sudden shock to the continent's austerity program. Analysts say voters seem to have pushed Europe's economic path further into unknown territory.
From WhatNewsToday.net
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