This article first appeared at Forbes online. Greece is a bit like your dissolute brother-in-law. A spendthrift, he gets
Over at the Guardian meanwhile, the inevitable hand-wringing has continued amidst ongoing discussions about the role of the
Populism's strength is homegrown. Putin is merely fanning the flames.
If austerity is not rewarded electorally, even when it is "successful," it makes sense for it to be disparaged more violently when it is not successful-- such as in the case of Greece.
While Syriza created neither the economic crisis nor the refugee crisis, its incompetence and opportunism have worsened their impacts on Greece and have undermined the country's position within Europe.
The debt-ridden government promised to cut pension funds and raise tax rates in exchange for international bailout funds.
The former finance minister is attempting a second act.
What are we to make of Syriza's victory in the Greek election? Does this mean that the battle for Greece's future is over, and that those who claimed that there was no alternative to prolonged depression, mass unemployment and a more unequal and frankly, uglier society have won?
Examining the results of Greece's September 20 parliamentary elections, we observe the worrying phenomenon that the biggest winner was abstention. In record number, almost one in two registered voters decided not to cast a ballot for any of the parties.
Sunday's snap election was unnecessary because after the defection of Syriza's left-wing faction, a new majority could have been put together out of the existing parliament without calling for fresh elections.