The in­evitable truth

Kathimerini English - - Front Page - BY ALEXIS PAPACHELAS

be ta­boo, how­ever, even though we have fought hard for the euro and Greece’s place in Europe against the pow­er­ful winds of na­tion­al­ist pop­ulism. But when you ig­nore the con­ver­sa­tion go­ing on around you in whis­pered tones, you risk be­ing blind­sided. Right now we have a gov­ern­ment that claims to be­lieve in the euro and has suf­fered an enor­mous po­lit­i­cal toll for keep­ing the coun­try on the Euro­pean tracks. That said, it is also a gov­ern­ment with a pow­er­ful pro-drachma el­e­ment. It talks about the euro but then gov­erns as though it were in the drachma era. That is one of this coun­try’s tragedies: Re­forms are in­flu­enced by a mish­mash of pro-euro and pro-drachma pol­icy. When I imag­ine the coun­try out­side the euro – and pos­si­bly the EU as well – I ad­mit I get very, very wor­ried. With few ex­cep­tions, our po­lit­i­cal sys­tem is ir­re­spon­si­ble and in­ad­e­quate. Af­ter a brief pe­riod of eu­pho­ria, it would turn the coun­try into a state with­out rules and sky­rock­et­ing in­fla­tion. In­vestors would run off, be­cause even now un­der Europe’s um­brella, Greece is still a coun­try busi­ness­peo­ple are hes­i­tant to sink their money into. The pub­lic ad­min­is­tra­tion would be in sham­bles and un­able to carry out the task of re­con­struc­tion that would be re­quired. Greece would al­most in­evitably be­come like Venezuela, at the mercy of oli­garchs and un­der the IMF thumb. And let’s not for­get about the geopo­lit­i­cal

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.