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If Greece goes… by Financial Times

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Only a new political order can rescue Greece

By Pavlos Eleftheriadis

May 27 2012

Why is Greece sleepwalking to disaster? As a Greek citizen I have been aware for years of the dire state of our public finances. Yet the political system failed to react, just as it has failed to produce a coalition government. The June election is a gamble because the extremist parties have the initiative. How did we come to this? The reasons lie in three largely unnoticed facts about Greek political life.

The first is the cultivation of hatred. A legacy of the civil war of 1946 to 1949 was the persistent and humiliating persecution of the left. Greek society in the 1950s was deeply hierarchical along lines of family and class. During the cold war another hierarchy ...

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