Syrians, who are fighting a civil war in which 40,000 of them have died just this year, are still more optimistic about their own future than US Republicans, recent polls reveal. Republicans also are much less optimistic than Greeks, whose economy may still bring down the whole of Europe, and Afghans, who are hopeful despite three decades of on-and-off civil war.
In the past week, as I expected, the ECB, Troika, German officials and others have all warned Greeks to not vote for Alexis Tsipras and his radical-left party Syriza. The question is will it backfire.
I suggest it already has. The pertinent question is whether it backfire enough to matter.
Please consider Greeks rail against 'crude' German editorial.
European leaders saved Greece from a messy default — and a possible exit from the Eurozone — by finalizing a second bailout, with loans amounting to around $170 million. Greek politicians are celebrating for now, but most Greeks are filled with dread. They fear the new austerity measures will drag out the recession — which is in its fifth year — and continue to push up unemployment, which is already more than 21 percent overall.
LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago. Worries about a run on Greek banks has rattled Athens this week, after savers withdrew at least 700 million euros on Monday alone, according to minutes of Papoulias's comments to political leaders posted on the presidency's website. It is not only Greeks who are worried about their savings. ...