Friday, May 11, 2012

The New Greek "Revolt"

So after a week of waiting the world now gets to see the results of the last week's Greek parliamentary elections: PASOK, the third largest party in Parliament, has failed to form a coalition after New Democracy and Syriza have also failed. As the BBC states the president is now going to call for parties to form a government of "national salvation", but that call is unlikely to be heeded. The crisis of the Greek government's legitimacy will now lead to a new round of elections, and these new elections will be even more interesting as the public has already shown it is not fond of the New Democracy/PASOK neoliberal austerity policies, so the question remains will this mean a rise for parties like Syriza, Democratic Left, the Communists, and Golden Dawn, or will scared voters want the stability of PASOK and New Democracy? The situation in Greece is the most volatile in the Western world right now, and everyone should keep their eyes fixed on it because this may be the biggest example of the failure of neoliberalism the world has yet seen. Stay tuned...

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