So once again, we have a government that has halfheartedly committed itself to austerity and reform in exchange for lifesaving loans. Syriza won snap elections on Sept. 20, as voters appeared to reward it both for its resistance to creditors and for the turnaround that averted further damage. A die-hard “No” faction that split from Syriza failed to get into Parliament. Syriza, in other words, does not face the uncompromising opposition that it showed previous governments. But it has to make the third bailout succeed where the previous ones did not.
Read Full Article »
