A family beg on a street on in Athens, June 13, 2012. Oli Scarff/Getty Images
On Sunday, Greeks will go to the polls for the second time in two months. The inconclusive election of May 6, in which no single party gained more than 20 per cent of the vote, reflected the views of an electorate deeply disillusioned with the two political parties that had taken turns to govern Greece since the end of military dictatorship in 1974 – New Democracy on the centre-right, and Pasok on the centre-left.
The far-left Syriza coalition, led by a young firebrand called Alexis Tsipras, surged into second-place, striking fear into the heart of Brussels with a promise to challenge the consensus that Greece had to stick to stringent austerity in order to please its European paymasters.
Billed as the election that could decide Greece’s fate in the eurozone, voters face an almost impossible choice this weekend – between the parties of an old, inept political order, and something new but untested. Here is some of the best news, analysis and comment on the subject from the FT and elsewhere: Read more
By Tony Barber, Europe Editor
Greece, teetering on the precipice of the eurozone, is to hold a parliamentary election on June 17. This will be its second such vote in 43 days. A depressing insight into the country’s political paralysis was provided by transcripts of discussions that President Karolos Papoulias, Greece’s head of state, held with party political leaders on May 13 in an attempt to resolve the impasse.
These transcripts (made public by the president’s office) would make you roar with laughter – if you weren’t weeping in despair at the petty-mindedness, stupidity and shamelessness of some of Greece’s politicians. Read more
The eurozone crisis is back with a vengeance. In a Bloomberg poll published on Thursday, 57% of 1,253 Bloomberg subscribers said they believed at least one country would abandon the euro by year-end. No prizes for guessing which country they might be thinking of.
Greece’s political landscape shifted drastically after support for its two biggest parties collapsed in the general election, propelling the far left Syriza party into the spotlight. Spain, meanwhile, is set to miss its budget deficit target for this year and the next. The government also had to part-nationalise the troubled Bankia.
We rounded up the best reads on Spain for you last week. Now we take a look at one of the other countries currently at the centre of the crisis – Greece – and give you the top analysis and comment from the FT and elsewhere. Read more