In Greece there is an air of hope and I think at the moment the hope is more than the fear. The new elected government of Alexis Tsipras, leader of the leftist party Syriza which according to my opinion is not so radical as the mass media wants to portray it, has already started to give signs of hope not only to Greeks but to all Europeans who are contemplating about the notion of Democracy in Europe. The French PM Francois Holland made the first step to attract the solidarity of the leaders to support free speech, one of the most important tool of Democracy and Alexis Tsipras has awakened the Europeans about another very important issue of Democracy which was deliberately forgotten.
Alexis’s Tsipras “left” hand, the highly eloquent and more flamboyant personality, the finance minister Yianis Varoufakis made the first step of repatriating Democracy in Europe. He stopped negotiating with Troika – a team of bank administrators of IMF, ECB and EU Commission- and made clear that he was rather seeking direct talks with the individual governments and IMF than negotiating with Troika. This first step of negotiation is the most significant for the European Union as a democratic Institution..
The supervision of the UNELECTED Troika-IMF, ECB and EU Commission- of the Greek government implementations was deeply humiliated not only for Greece but for all the European countries. It destroyed Europe’s integrity and respect for sovereignty much needed in Europe at the moment.
But as Paul Krugman has often pointed out, ‘economics is not a morality play… in which virtue is rewarded and vice punished’. The debt has to be paid and as Thomas Fazi at The Trokia saved banks and creditors-not Greece writes “unfortunately economics is never just about economics: whether we like it or not, morality and culture shapes people’s attitudes to economic issues, and nowhere is this clearer than with the issue of debt (private or public). It would be fair to say that the common man’s prevailing stand on the issue is that debts incurred have to be repaid”.
But at the moment, someone doesn’t need to be leftist or member of Syriza to see that Greece’s debt cannot be fully paid (roughly $270 billions) without driving Greece and its population into extinction.
Therefore European Union has to bring to the surface the forgotten core values of this Union, which except economics , is Democracy, Unity and Solidarity. Tsipras and Varoufakis’ struggle is in progress towards achieving this target..
P.S : After so much humiliation and despair for my country, I really feel proud of its leaders for showing to Europe the right direction without being cheap.