Wednesday, September 16, 2015

Q&A: What’s at stake when Greeks go to the polls... again

by Henry Foy

Financial Times

September 16, 2015

Greeks go to the polls on Sunday to vote in the country’s fifth parliamentary election in six years after last month’s collapse of its Syriza-led government.

Left-wing Syriza, led by Alexis Tsipras, and the centre-right New Democracy are neck-and-neck in the polls with about 26 per cent of the vote each, according to forecasts, well ahead of other rivals.

Wait, Greece is back in the news? I thought that problem was fixed?

Think again. Greece averted bankruptcy and a possible exit from the eurozone by agreeing to an €86bn bailout package from the EU and other creditors. However, the crucial financial injection came at a cost: a tough and intrusive reform programme that heaps further austerity on a country whose economy has shrunk by a quarter since 2010 and where almost a third of the population now live below the poverty line.


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