Greece Heading to Early Elections After Presidential Vote Fails

Governments and investors across Europe braced for renewed economic upheaval on Monday after the Parliament in Greece failed to avert an early general election, reviving the toxic debate over austerity as the way to cure the continent’s economic woes.

The election, expected on Jan. 25, is likely to be won by Syriza, a leftist party that opposes the deep budget cuts Greece has implemented in recent years. The austerity measures were imposed as a condition of the huge financial bailouts Greece has received.

If you plan on traveling to Greece or perhaps the Euro Zone as well perhaps delay your travel plans until after the Greek election because your dollars might go much farther. The Leftist party Syriza is leading the polling and they claim they will force the Europeans, i.e. the Germans, to blink and drop their austerity program for Greece. If Syriza wins they are going to play a game of chicken with the Euros.

As Larry Kudlow said an hour ago on CNBC, Greece peaked around 450 BC.

In other words, whatever happens there in a political and/or economic sense, it is unlikely to have much of an impact elsewhere.

2 posted on 12/29/2014 1:55:36 PM PST by southernnorthcarolina ("The power to tax is the power to destroy." -- Chief Justice John Marshall, 1819)

I think the Germans would be better off telling the Greeks to take a hike. If the Greeks win then all the other PIIGS will demand the same thing as the Greeks were able to wring out.

Arrest of Adams is 'an act against democracy' [2014]
The European Left's candidate for the European Commission presidency, Alexis Tsipras, Friday called for the immediate release of Sinn Fein leader Gerry Adams who is been held for questioning in connection with the 1972 murder of Jean McConville. Tsipras called the arrest a "politically inflammatory act against democracy".
Greek radical left leader Tsipras: asking for Greek people's vote to cancel the bailout [2012]
Greece under the leftists: Debt-free, well-paid and a proud people [2012]
Putin's Western Allies: Why Europe's Far Right Is on the Kremlin's Side [2014]
Greece supports left-wing Syriza as Europe takes lurch to the right [2014]
Juncker: Greece should avoid 'wrong outcome' in elections [2014]
Putin Is Infiltrating European Politics With Shocking Effectiveness [2014]
Greece's radical left could kill off austerity in the EU [2014]
Greece Scrambles To Prevent Deposit Run Goldman Warned About In Its "Worst Case" [2014]
Greece Heading to Early Elections After Presidential Vote Fails [2014]
Greek Exit Disaster...or Not [2015]
Merkel ready to let Greece exit eurozone: report [2015]
The 2015 Greek euro drama [2015]
EU calls euro membership 'irrevocable' but renegotiable [2015]
Greek Radical Left on the March [2015]
Russia may lift food import ban from Greece if it quits EU - Russian agriculture minister [2015]
Greek leftists Syriza aim for landmark election win [2015]
Greek exit polls suggest Syriza win [2015]

The austerity measures were imposed as a condition of the huge financial bailouts Greece has received.

So.

Now that they have the money, they will double-cross everyone.

Tell me how this is different than theft?

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.