If the far-left Syriza party had won in Greece, they were going to tell Angela Merkel where she could stick the harsh terms of her bailout. The conservative New Democracy party, which will form a coalition with the Socialist PASOK for 162 seats in the 300-member Parliament, will tell Merkel they support the bailout, but ask “pretty please” if she can just ease the terms.
Different approaches, but the same result. Merkel isn’t going to save Greece.
Greeks hope the election results can lead to further negotiation because they fear the unknown of leaving the euro. Bad as things are, they fear making them worse, although worse seems unavoidable. But trying to negotiate with Merkel fiscally is like trying to negotiate with Hitler militarily. The only way Merkel will help is if Greece completely cedes its fiscal sovereignty to
the EU Germany.
It seems inevitable that at some point soon Syriza will take power. It finished a close second to New Democracy with 27% of the vote, having won only 12% in the May election. New Democray and PASOK, the “mainstream” parties, have brought Greece to her knees and five years of recession.