Thursday, February 23, 2012

Opinion: Extreme austerity breeds extreme politics - 13th Feb

(CNN) -- A seismic shift is taking place in the Greek political system. The series of bailouts and austerity measures implemented during the last two years has led to a fundamental political crisis affecting both the function of government and the standing of key politicians and political parties.

Sunday's debate in parliament regarding the latest austerity and bailout package was marked by unprecedented scenes of tension both inside and outside the building. The bill passed but left both historic buildings in central Athens, as well as both major parties of the interim coalition government, in tatters.

Yet, it would be a mistake to attribute Sunday's destruction to the austerity measures -- similar events took place in December 2008, well before any talk of a debt crisis had reached Greece. What these events symbolize is the mainstreaming of extremism in Greece and the rejection of the rule of law. Read More