Visitors to Greece’s capital these days cannot escape the fact that a general election is on he way. But it is not just the constant discussion on television and the excited newspaper headlines about a U.S.-style debate between front runners that lets you know.
Global News Journal
Black-robed Orthodox priests chanted and sprinkled holy water to bless Greece’s new, ultra-modern Acropolis Museum, which opens officially on June 20 with the hope of bringing back the Parthenon marbles from Britain.
Bombarded with revelations of scandals for decades, Greeks have developed a slightly thick skin regarding graft. An opinion poll this week showed corruption was rated fifth among top voter
concerns, coming after the global economic crisis, education, crime and health.
The periphery economies of the euro zone are suddenly in the spotlight. Credit rating agency Standard & Poor's has cut its outlook on Ireland's sovereign debt to negative. It worries that fiscal measures to recapitalise banks and boost the economy might not improve competitiveness, diversity and growth -- all making it harder to manage debt.
George Alogoskoufis is a hardly a household name outside Greece and EU financial circles. But the newly sacked Greek finance minister could yet become a poster child for politicans struggling to fight off economic decline and banking industry collapse. His demise was in large part due to a public perception that he was helping out the banks but ignoring rising joblessness.