Insisting on Tina, ‘there is no alternative’, brought down the once mighty Pasok. It could do the same in the UKAs I write this, some of the best-paid brains in Europe are puzzling over what happens when the inevitable suddenly becomes impossible.For the past half-decade, Greece was run by machine politicians who took orders from their northern European creditors and stamped on their own voters – slashing their pensions, selling their national assets and wrecking their economy. The weekend’s elections put an end to that cosy, monstrous system. And so in banks across the continent, analysts handier with statistical probabilities than political unknowns tweak their models. Ministers and pundits look on the tumult in Athens and wonder how to shape it into a glib one-liner. Continue reading...
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