The current situation in Greece is constantly evolving with political, social and economic interests which are facing the pressure of different factors that we are going to explain in this article.
In the past few years Greece drew up a program aiming at increasing competitiveness, and at the same time it was meant to reduce welfarism, the privatization of state assets and as much services as possible. This policy is also called austerity or neoliberalism and it is an economic trend that favors the markets instead of human dignity, the profit instead of people’s life.
This program has caused considerable issues to Greek citizens like increases on basic goods up to 50%, salaries reductions, unemployment, pension cuts and even blocking of health care.
Interests of the richest countries are clear: benefit on the misfortune of weaker countries; this is the reason why Europe has asked Greece if there is still the will of continuing with the program that brought the country to the edge of a humanitarian crisis.
In this political and economic context, the Syriza party and its leader Tspiras won the elections with 35% of the vote, ensuring a radical change compared to the previous government.
That brings us to today, where the Greek government is negotiating the loans of the EU, causing concern especially in Germany, which is threatening its exit from the eurozone supported by the USA that pushes Greece to stay in the eurozone and not take sides with Russia and China.
Soon we will see the results of this negotiation but in the meantime we are witnessing how this unstable situation affects the European markets.
