Athens: Greek banks are on the verge of running out of money as capital flight continues <a target="_blank">(Photo: and641)</a>
Athens: Greek banks are on the verge of running out of money as capital flight continues (Photo: and641)

EU politics

Hope and fear: Greeks after the Syriza victory

By Paul Kidner,
ATHENS
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Almost three years ago to the day, I wrote an article noting that “the current [bailout] measures on offer are seen as simply harsh, unfair and unsustainable … and [Greece’s] creditors are not going to like the consequences that this instability will bring”.

And so it has turned out to be.

Amid deepening economic depression, the erosion of a large swathe of the middle class, and alarming social tensions (the nazi Golden Dawn party was the third most popular party following last week’s elections) Greek people have said “enough is enough”.

And now the radical left Syriza is in power.

With this turn of events, many Greeks are finding a new sense of national pride in the government’s hard stance towards its creditors.

One friend noted: “I didn’t vote for Syriza, but irrespective of who you threw the ballot for, you have to support the troops!”.

Syriza, most Greeks are agreed, will usher in change.

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Athens: Greek banks are on the verge of running out of money as capital flight continues (Photo: and641)