June 17th, 2012
02:32 PM GMT
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Athens (CNN) - Whichever way the Greek people vote in these elections, there are no easy options for the country. It is almost certain no one party will get a majority – even with the top-up seats given to the front runner.

We are facing days of horse-trading.

Voices of Greece

The best that can be hoped for is that the leaders of New Democracy and PASOK follow through on the noises they are making. That it is time for unity.

They know what that means. That they are going to have to get into coalition with each other. If they do that, Greece carries on.

However, even if these so-called “sensible parties” get into bed with each other, they will still want to renegotiate the deal with Europe.

Cafes buzz with political talk

Europe will not budge on issues such social security, pensions or privatizations. But they might be willing to talk on deficit targets and taxation levels, for example, given the difficulties created by the recession.

There are 1,001 ways that Greece can stay in the euro. But even if the austerity deal is renegotiated, the Greek people face another three to five years of pain.




soundoff (5 Responses)
  1. Ken Young

    Great. Now doctor told me that I may die of leukemia instead of heart attack.
    Let's go out & get drunk for one night. Who cares about tomorrow?

    June 18, 2012 at 10:27 am |
  2. required reading

    Re G20: What exactly ARE the "structural reforms" mentioned by Christine Lagarde that countries are supposed to implement to get their own budgets back in order? Who is implementing them? Have they made a difference?

    June 18, 2012 at 2:19 pm |
  3. Brian Riordan

    That dangerous, slippery road along the high cliff has been travelled by Banks and Govts carrying our wealth along with them for years and years. They will continue along and citizens will be scaed to death as they have been for more years.

    June 19, 2012 at 5:00 am |
  4. required reading

    Perhaps Mr.Obama might like to explain to the European nations that are causing him concern what measures the US has used in the past few years to reduce its debt, as well as specify the efficacy of these measures in numbers.

    June 19, 2012 at 2:16 pm |
  5. NYC fitness events

    I just don't get the situation in Greece. How did it get so bad?

    February 21, 2014 at 3:33 am |

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Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.

 

 

 
 
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