Tag Archives: Yannis Samaras

Role reversal in the Greek crisis

Illustration by Manos Symeonakis for Cartoon Movement http://www.cartoonmovement.com/p/6035

So, let’s get this straight: When Antonis Samaras was the leader of New Democracy in opposition, he resisted the terms of the EU-IMF bailout to such an extent that it destabilized one government and checked the progress of another. When Evangelos Venizelos was finance minister, he opposed the austerity measures demanded by the troika but found that he had to abandon his theoretical objections when faced with the real intransigence of Greece’s lenders.

A few months on and Samaras — now prime minister — is having to accept a new round of spending cuts to satisfy the troika, while Venizelos — now PASOK leader — is the one arguing that further austerity will exacerbate the recession, even though he approved the size of the cuts when he was finance minister.

Confused? It doesn’t stop there. For the last two-and-a-half years, no top representative of the eurozone or International Monetary Fund has visited Greece. Over the past few days, European Commission President Jose Manuel Barroso has been to Athens and Eurogroup chief Jean-Claude Juncker has made plans to visit on August 22.

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