The lack of progress in Greece’s talks with the troika and the possibility that the government will not clinch an agreement for a secure exit to its bailout at the end of the year is increasing tension within the coalition.
The future of Giorgos Karatzaferis, the leader of the ultranationalist Popular Orthodox Rally (LAOS), has been but in doubt after it emerged that he is a suspect in a bribery case involving military equipment.
For the last couple of years, SYRIZA leader Alexis Tsipras has described what seemed like a leftist pipedream: The uniting of left-wing political forces on the eurozone periphery. Now, he is at the forefront of trying to turn this into reality.
Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece (BoG).
The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.
Newspapers, political parties and television remain the most distrusted institutions in Greece by the public, while confidence in the army and police is at an all-time high, a survey by a leading pollster has found.
Greece finally exited its six-year long recession in the third quarter of 2014. The Hellenic Statistical Authority ELSTAT said that the economy grew by 0.7 percent in the third quarter (compared to the same quarter in 2013). The positive third quarter reading is the first after 24 consecutive quarters of negative GDP performance dating back to Q3 2008.
The dramatic entrance on the political scene of Podemos, a nine-month-old far-left party, does not have any precedent in the nearly 40 years of democracy in Spain. Nut nor has the country experienced the scale of the crises that have pounded it since 2008, forming the breeding ground in which the “Spanish SYRIZA” has sprung up.
The coalition is currently involved in a dispute with local authorities over checks on municipal employees’ contracts. Some mayors have resisted attempts by the Administrative Reform Ministry to review the agreements that led to thousands of fixed-term contracts becoming permanent a decade ago.