The head of the Socialists and Democrats in the European Parliament, Gianni Pitella, distanced himself on Thursday from the idea of SYRIZA joining the group, apparently leaving the Greek leftists somewhat isolated in terms of European politics.
To Potami leader Stavros Theodorakis has written to the centrist party’s supporters in an attempt to rally them in the wake of a disappointing election result that has raised doubts about whether it will survive the next few months intact.
While the attention regarding the key deliverables outlined in the third memorandum of understanding (MoU) has fallen on the areas of fiscal policy, pension reform, energy market and privatisation, there are a series of measures that have to be implemented that relate to health care and the labour market.
Household disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up by 8.13 percent.
The significant fall in labour costs since the onset of the crisis has not led to a corresponding fall in prices and a boost in employment and competitiveness, defying conventional theories of internal devaluation, according to Greece’s private sector trade union.
Having let cracks appear in his leftist credentials in January by deciding to work with the Independent Greeks (ANEL), a party that has espoused populist, nationalist, racist and conspiracy-theorist views, Alexis Tsipras has taken a sledgehammer to the hopes of those who thought he might seek a more progressive alliance this time.
Working out how Alexis Tsipras went from anti-austerity crusader to comfortably winning an election while promising to implement the third bailout, and in the process turning a resounding “No” in the July referendum to a humiliating “Yes” a week later, is something that political scientists will study for years to come.
The initial results from Greece’s second general election this year, and its fifth since October 2009, suggest that the prime minister, Alexis Tsipras, has a level of political durability that few could have predicted – and that a large section of Greek society is willing to be incredibly patient with him.