Tuesday, January 27, 2015

Greece is Anti-Austerity

http://www.bbc.com/news/world-europe-30975437

This article announces the new Prime Minister of Greece, Alexis Tsipras and expresses the worry and support from across the world. He seemed very supported among the Greeks that voted him in, but the rest of Europe seems a little worried. Tsipras is running on an anti-austerity, which I'm not completely sure what that entails. The definition of the word is, in essence, sternness and simplicity. The biggest worry of Europe is that without this sternness and focused commitment to improving the country's debt to the EU, the EU member since 1981 will be a drain on the Euro, already losing value against the USD.

This party baffles me, to be honest. It will be interesting to see what Tsipras's anti-austerity will lead to. Perhaps the redistribution of Greece's budget will have radical change on the country's economy. Perhaps without the simple sternness, the country will fall apart. In my mind, despite the election, won't people continue to make money however they did before? If there was some radical change that could have benefited Greece, wouldn't those actions have already been taken?

I guess I don't understand this issue completely. The rest of Europe is pretty worried, but if they weren't getting their money back before, I'm not sure how much of an impact one Prime Minister will have on that. If anything, radical changes will cause radical change. I imagine at this point, only good can come out of a change to Greece's economy.

Crystal Hartsough

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