This is not accurate.
Independent Greeks broke away from the New Democracy Party (Republican type party) in 2011.
They are opposed to EU austerity adamantly just like the leftist SYRIZA.
Independent Greeks are more like the Tea Party in the US and UKIP in the UK, they are not the fascist Golden Dawn Party.
So this is like a coalition between the Democrat socialists and tea party?
The harsh reality is that Greece does not produce the wealth necessary to support the life style that its northern EU neighbors enjoy. Greece has been subsidized by loans and outright subsidies. If they abandon “austerity” and default on their recently renegotiated loans, they will suffer immensely. No rational investor will buy their bonds or lend them hard currency. They will not be able to import the materials and services that are necessary for modern living. What is left of their brightest and best will emigrate before their final links to the EU are severed. Soon they will be selling their heritage art and even whole islands complete with sovereignty to wealthy buyers who need an independent place of their own. Greece will revert to backwardness and endemic poverty. Socialism fails everywhere.
I am quite interested to see this new Greek Gov’t poke the EU statists and progressives in the eye.
Wow. That was fast. One day between the election and swearing in.
Now I'm just going to sit back and watch the fireworks.
“Sunday’s result means that a majority of voters in Greece have essentially rejected a core policy for dealing with the Eurozone crisis as devised by Brussels and Germany”
Indeed. A sound rejection of paying back all that other peoples’ money you’ve already spent while at the same time expecting to demand plenty more new other peoples’ money from the same folks you’re refusing to pay back the first batches of other peoples’ money to. Given their level of knowledge and wishful thinking about the way the world works, sounds like Greek voters would make perfect Democrats in the U.S.
We are witnessing the rise of Nationalism in Europe again and the eventually breakup of the EU.
Could eventually witness Greece falling into the Russian orbit.
While at first blush it doesn’t make sense, it does make sense for the right wing and left to have an “arrangement.”
Plainly put, Greece is hopelessly bankrupt.It’s not a question of “if” they repudiate their debt, its when and under what terms. Austerity is only a workable solution if there is some hope of coming out of it. There is none, and all this austerity over the past few years is just debtholders grabbing what they can as soon as they can.
They are going to try to spend their way out of debt.
I wish them luck.