Greek election could trap nation in labyrinth of debt and division
New Democracy supporters in Athens cheer amid speculation their party will struggle in elections. Photo: AFP
GREEKS vote tomorrow in parliamentary elections in the middle of a recession caused by sharp spending cuts and tax increases.
Both main parties, the conservative New Democracy and the Socialist
Pasok, have been damaged by their agreement to European Union and
International Monetary Fund-imposed austerity cuts, while more extreme
parties have gained support.
Analysts say the two parties together will be fortunate to have enough
votes to form a working parliamentary majority. If they fall short,
Greece will be thrown into further crisis, piling political chaos on
economic pain, and new elections will be required.
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''The elections in Greece could turn out to be more important than the
elections in France,'' said Daniel Gros, director of the Centre for
European Policy Studies in Brussels.
''The Greeks have a fundamental choice to make: to stay in the euro or
not. This is an extremely deep economic and political crisis, and there
will be plenty of work for the next government.''
No matter what government emerges in Greece, the persistent question is
whether it will enact the changes demanded by its European creditors, or
whether, as before, promises will be half-kept or ignored.
As politicians fight to get elected, Greeks are struggling to take care
of themselves, even returning to a barter economy. Sitting in the shade
of a mulberry tree in a market square of Volos, a city on the Aegean
coast 320 kilometres north of Athens, Eleni Boubouli sells dried wild
herbs. She picks them from Mount Olympus and other peaks.
The stall is her way of piecing together a living that includes teaching
English and yoga with some support from her retired parents.
''You really need to think about survival now, really think,'' she says.
''Our situation is so bad, I don't know how to describe it.''
Like many Greeks, she feels the economic maelstrom that has engulfed the
country will only get worse. The parliamentary election inspires no
confidence that the storm will be calmed.
Rather than wait for the political class to improve, Greeks are taking
their future into their own hands in ways that involve reversion to the
past. Bartering and exchange schemes that eliminate the euro are popping
up throughout the country. Farmers are avoiding supermarkets and
selling directly to customers at substantial discounts. And in a reverse
of decades of urban migration, there is strong evidence people are
leaving Athens to return to the provinces where they or their parents
were raised, to live off the land, find menial work or live without the
debts that city life entails.
Ms Boubouli does accept euros but also TEM, the Greek acronym for Local
Alternative Unit, a coupon scheme that allows members to exchange
services and products. Volos is one of 10 areas using the scheme, with
10 more about to start.
Ms Boubouli recently used 30 TEMs to pay for legal advice from Elena
Dimitriou, a lawyer, who in turn used the coupons for piano lessons, an
electrician and food at a market for TEM-friendly producers.
''The scheme gives me some protection from this crisis,'' says Mrs
Dimitriou. ''With TEM I can purchase things that I just couldn't afford
any more because business is so bad.''
Another member is Katya Larisaiou, 35, who accepts the coupons at the
Petit Fleur, a pretty, pastel-coloured cafe she owns. ''Someone said to
me that all this bartering is going back 150 years, and I know what he
meant. But we have to go backwards to figure out where we should be
going,'' she says.
NEW YORK TIMES, TELEGRAPH
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