By Harry Theofanus
The European Union ADOPTED Greece in its Eurozone in 2001 knowing very well at that time of all Greece’s financial folds. The Greek leadership after the October 2009 early elections mainly because of Greece’s financial problems, and the need to improve its financial crisis: (a) accepted the first EU rescue financial package with the hope that Greece will slowly get out of its Economic Problems and generate a Financial Growth to improve unemployment, (b) started to enforce more strictly Greece’s Economic Laws and adopted additional Tax reforms to increase the government income and minimize the financial crisis.
After troika (with mainly German pressure) introduced the second rescue package that included additional strict conditions that were harmful to the middle, the low class and the senior citizens the Greek-governing party of George Papandreou asked for a positive referendum vote from the Greek citizens before accepting them. The opposition party New-Democracy also rejected it as very strict and harmful plan. At that time Troika asks the leadership of the two Greek main parties (with 85% voting power) PASOK and the opposition party N/D to together with Troika discuss the second package with the goal of accepting it. The result of the meetings was the ACCEPTANCE of the second package with the conditions of (a) the PASOK President to step down, (b) the formation of a national unity government composed mostly of members of the main parties with new elections to take place the earliest possible time, in May 2012, (c) troika to follow up with the bailout payments to reduce the financial loan and assist with the county’s financial problems of May and June.
Looking at, and analyzing the results of the May 2012 Greek elections we see: (a) that 81% of the Greek voters are in favor of remain in the Eurozone and the Union, (b) the two main political parties, PASOK lost more than 50% of its voting power and N/D more than 40%, reductions mainly owing to voter’s bitterness to the point that neither one party could form a collision government to help Greece get out of its financial crisis and stay within the Eurozone, and (c) a temporary collision government was appointed by the President and a new date was given as June 17, 2012 for new elections.
It is apparent that the more than 81% Greek voters of the May 2012 elections are in favor of remaining within the Eurozone, BUT are very bitter with the responsible EU leaders that accepted Greece in 2001 in the Eurozone whilst they knew at that time that Greece DID NOT HAVE the required conditions for euro membership. The correct approach they felt was the Eurozone leaders to help Greece as an EU member to achieve the required membership conditions first and then the Euro adoption. These Greek voters now expect that by the next June 17, 2012 elections day Troika with especially Germany’s leadership will convince the Greek citizens not by words only that they want Greece to stay within the Eurozone: (a) by making the conditions of bailout payments less strict and AFORTABLE, (b) focus on a GROUTH AGENDA to improve the unemployment by devaluing the Euro or other means, so that their tourist and other incomes will increase and reduce the EURO economic crisis of NOT only of Greece but most of the Southern EU Countries, such as Cyprus, Italy, Spain, Portugal and Ireland, including now the French and above all the European Union non Eurozone members.
**** Harry Theofanus, Human Rights Advocate