Greece is once again at centre of a European political drama as it gears up for its most crucial election in a generation. Polls suggest the beleaguered, bailed-out nation is poised to take a seismic shift to the left, with the anti-austerity Syriza likely to win the poll.
No, it (Grexit) is a stupid idea. A stupid idea for the Greeks and a stupid idea for Europe. First of all, for Greece itself or the Greeks because a Grexit would mean losing purchasing power of maybe 25% or 20% for every ordinary Greek, so it would be devastating for Greece and for Europe.
Such an outcome would have enormous implications for the eurozone, and the wider EU. Syriza says it doesn’t want to take the country out of the single currency but that it is determined to renegotiate with its international creditors what it sees as harsh and unjustifiable bail-out conditions.
Is a stand-off between and Athens and Brussels inevitable? If so, who would blink first? Those are the issues under discussion in this edition of The Network.
Chris Burns’ guest are: Dimitrios Papadimoulis, a vice-president of the European Parliament and member of the Syriza Party. Guy Verhofstadt, chair of the centrist Liberals and Democrats in the Parliament, and former Belgian prime minister and Zsolt Darvas, Senior Fellow at Bruegel, a Brussels-based economic think tank.
Join the debate, connect to The Network, watch the video.