Syriza win out­come will res­onate for months to come


Financial Mirror (Cyprus) - - FRONT PAGE -

The re­sult from Sun­day’s sweep­ing vic­tory by anti-bailout Syriza will con­tinue to re­ver­ber­ate in Greece and through­out Europe over the next few months, as the ar­chi­tects of the harsh aus­ter­ity plans see their de­signs fail or even back-fire, push­ing in­no­cent vot­ers into the arms of rad­i­cal groups and ex­treme na­tion­al­ists.

But the lessons to be learned are two and sim­ple: don’t prom­ise what you can’t de­liver; and, your loyal vot­ers will turn their backs on you.

This is true of all bailed-out coun­tries, with the frus­tra­tion lead­ing to the rise of the likes of the left­ist Syriza in Greece, sis­ter groups in Italy and Spain, but also anti-im­mi­grant voices in Ger­many and the oc­ca­sional loony party in the U.K.

How­ever, the tragedy of this Athe­nian com­edy is that very soon, Alexis Tsipras will have to put wa­ter into his wine and tell his rad­i­cal vot­ers that Greece will not and can­not af­ford to aban­don the bailout plan, let alone de­fault on the multi-bil­lion debt that it car­ries.

Truth be told, New Democ­racy’s An­to­nis Sa­ma­ras tried very hard to jug­gle be­tween his ju­nior coali­tion part­ners and drive through a re­form pro­gramme for Greece that was long over­due and was only tol­er­ated by so­ci­ety be­cause no one had the party ma­chines un­der con­trol. Fur­ther­more, the aus­ter­ity mea­sures were im­posed be­cause of the ex­ten­sive cor­rup­tion that had plagued Greece for the past decades, from which all po­lit­i­cal par­ties and their foot­men ben­e­fited.

Once the ar­ro­gance of the Syriza-ANEL coali­tion sub­sides, we pray that rea­son will pre­vail and Greece will re­turn to a path of re­form and main­tain­ing the eco­nomic adjustment pro­gramme, some­thing that Cypriot mem­bers of par­lia­ment have been dan­ger­ously ex­per­i­ment­ing with as they fool­ishly de­lay the im­ple­men­ta­tion of the fore­clo­sures pack­age of bills. The only prob­lem is that be­ing an is­land, we be­lieve that the winds of change that have swept across Europe will never blow this way, not re­al­is­ing that the days of the po­lit­i­cal par­ties, as we know them to­day, are num­bered.

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