Agora
Posts by Nick Malkoutzis
Greece: Where did it all go wrong?
When Greece returned to international bond markets in April this year after a four-year exile, it was trumpeted by Prime Minister Antonis Samaras as another step towards the crisis exit door. “Confidence in our country was confirmed by the most objective judge – the markets,” he said after investors snapped up three billion euros of five-year bonds with a coupon of 4.75 percent. Exactly seven months later, though, the yield on those bonds shot up to almost 10 percent. Suddenly, the markets do not seem so confident. So, what went wrong?
Contributor: Nick Malkoutzis
Categories: Politics (413), Greece (527)
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/21/tsipras_1000_myrto_2111-large.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
SYRIZA's date with history
SYRIZA leader Alexis Tsipras is following a well-trodden route by trying to force early elections over the presidential ballot. Several others before him have tried to exploit the loophole in the Greek constitution which means that snap polls have to be held if 180 MPs cannot be found to back a presidential candidate. The most recent opposition leader to follow this tactic was PASOK’s George Papandreou in 2009.
Contributor: Nick Malkoutzis
Categories: Politics (413), Greece (527)
The institutional weakness poisoning Greek politics
It appears that the leader of ultra-nationalist LAOS, Giorgos Karatzaferis, will stand trial in connection to kickbacks he allegedly received as part of a deal signed to supply Greece with Super Puma helicopters. While this week's developments provide some hope that those guilty of corruption (time will tell if Karatzaferis is one of them) will be brought to justice, they also highlight the inability of Greek institutions to fulfil their role as guardians of fairness and democracy.
Contributor: Nick Malkoutzis
Categories: Politics (413), Greece (527)
You can call it reform if you like
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.
Contributor: Nick Malkoutzis
Categories: Politics (413), Greece (527)
Between the sword and the olive branch: Dilemmas of Greek diplomacy
"In one hand Greece holds an olive branch but in the other it holds the sword of justice," said Greece's new Defence Minister Nikos Dendias as he was sworn in on Monday. The danger is, though, that Greece is bringing a sword to a gunfight. Within hours of Dendias taking over the role, the Turkish Navy corvette Büyükada was sailing in Greek waters, not far from Athens. It was the latest unsubtle reminder from Greece’s neighbour that it will not relent from testing the limits of legality in Aegean.
Contributor: Nick Malkoutzis
Categories: Politics (413), Greece (527)