It is well known that Greece has been in 6years recession and is, on paper atleast, exiting the recession as of the 3rd quarter 2014. While "the end of recession" is not something to take to the bank, the general business atmosphere is much better than it was two years ago.
Greece's coalition government was scheduled to nominate a candidate for the presidency at the end of the 1st quarter of 2015. Instead, in a sudden move, mostly incomprehensible or as the Economist notes, a "gamble", Greece's Prime Minister, A Samaras, moved the election 3 months forward to this week.
The Eurozone granted a 2 months extension to the loan programme which was normally due 31st December.
Greece's PM, A Samaras, exiting. Fortunately for Greece, it is not the Eurozone he is leaving, just the Greek Voule -- temporarily |
In Greece, the President is voted into office indirectly through the Voule (parliament). The office has few executive powers, so the President is seen as a figure of unity and of course, the ultimate representative of the country worldwide. In this respect and with a single exception (a nonentity named Sartzetakis), all of Greece's Presidents had done their best to forget political hue and focus on the nation.
So it is not the President but the procedure of instating which the point of contention between political parties. To be instated at the first vote, the nominee has to reach a 2/3 majority or 180 out 350 MPs. If that fails, the country can be led to elections. In Greece no single party has enjoyed such luxurious majority, so the choice of President has always been a matter for bargaining, bartering and petty bickering.
And bickering is where it's at now even though the dire financial situation does not allow for political instability.
But who cares? Obviously not Greece's elected representatives.
The main opposition, Syriza, your usual '60s type "down with everything and everybody else" self-proclaimed left-wing party, had intimated that it will block the vote. The party contends that it is making a point: not to support the "people who brought the country into this mess". Considering that most of its supporters come from Pasok, an erstwhile ruling "socialist" party, this puts them in the same basket. (This same party has declared that it is other peoples fault the country is indebted, that it will raise taxes, lower taxes, review the civil service, re-instate the civil servants' lost income...)
The left-wing Dimar has openly declared it will not support the nomination. Likewise for the right wing Golden Dawn. Both of these parties are blocking the vote as a matter of political principle rather than rational rationale.
Independent MP's are being flirted with to cast their vote, one way or another.
The candidate is a man called Stavros Dimas, European commissioner for the Environment and Minister for Foreign Affairs (briefly), a lawyer by trade. At the onset, an OK candidate, good personality, has impact and some work experience. BUT, let not the quality of the candidate for the job influence the vote!
So here we are, waiting for the 17th when the first vote will take place...
And yet, by all standards, Greece is bafflingly lucky. As Stephen Pope put it in a recent contribution to Forbes magazine, commenting on the Eurozone's decision to extend the programme by two months to accommodate the latest news from Greece,
"Once again to those outside of the Eurozone, it is baffling how a sovereign nation that should never have been allowed into the Euro in the first place…which should have left the Euro in 2010…has again been rewarded for failing to deliver its side of the bailout bargain by being allowed more time to comply."
Quite so.
Especially for a country whose inhabitants have seen their taxes grow by 35% in 6 years, the disposable income fall by 47% and private sector unemployment soar to 25.7 - 26.4% (the ministry of labour is not sure which of the two applies).
So, the good part is that Greece and its presidential election are in the news-- and publicity is always good it is said.
The bad part is, it's all for the wrong reasons.
Again, Greece's inhabitants deserve better than their politicians.
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