One day ahead of a key vote in the German Bundestag whether to ratify the 4-month Greek bailout extension, the biggest-selling, mass-market newspaper (or tabloid as some call it) with a circulation of 2.5 million, Bild, has launched a very clear campaign on how it feels about the latest Greek can kicking event.
While Greek government yields (and political leaders) proclaim the troubled peripheral European nation is 'recovering', the risk of major political upheaval in Greece has not gone away ahead of next year's presidential vote next year. As Reuters notes, under growing pressure from anti-bailout leftists, Greek Prime Minister Antonis Samaras desperately needs a new narrative to get the backing of lawmakers and rally Greeks fed up with four years of austerity.
Funny what a difference two months make. Back on October 4, we wrote "Here We Go Again: Greece Will Be In Default Within 15 Months, S&P Warns" and... nobody cared as the Greek stock market meltup continued.
The question of the day, to which we all know the answer (but I want to ask the question anyway), Are the Nannycrats Afraid of Democracy?
Here is a comment someone posted on the Guardian Greek Election Blog
In spite of all the huffing and puffing and bluffing, once again the Greek puppets will likely dance to the strings of the Troika and pass austerity measures required for Greece to get the next tranche of money.
Unions, lawyers, pensioners, and workers in general are not pleased with Prime Minister Antonis Samaras and have planned a major series of strikes.
I expect violence if Samaras musters the votes to pass the bills. There is likely to be violence before the vote as well.