In Greece, voters punished the two main parties who colluded to fuck them over so badly, by voting for other parties. In fact, almost 20% of the parliament is now composed of members of brand new parties - brand new because many voters don't feel their interests are being represented by the older parties. Isn't this result exactly what we would want and hope for in a system of governance?
> is threatening to wreck all progress to date on solving their financials issues for the sake of easing austerity.
Greece (and a whole bunch of other European countries) has a system of governance and a corruption level that is very different from other EU countries, and as such probably should not have been part of the EU to begin with.
Now that they're in Greece is in a position to reap the benefits of that fact but the countries that have for many years (Germany foremost) kept the weaker countries afloat are now themselves getting into trouble. This upset a lot of apple-carts and now we are at a very difficult moment for the union and for Greece.
As it is there are no real good solutions. Greece leaving the euro zone or being forced out will have big consequences for all parties involved and likely the end result of that route would be much worse for the general Greek population than any level of austerity that is currently in effect.
Greece staying in the eurozone will require a lot of very unpopular sacrifices in many places, the end result of which will be a much weaker euro.
There are no winners in any of these scenarios, only losers and it will take a long time (decades?) to fix this problem properly.
What you are seeing here is the result of the EU growing too fast in order to win the pissing match about which economic block is the largest on the world stage. If the forging of the monetary union would have been done in a more restrained fashion a lot of this misery could have been avoided.
Cowboy politics a decade ago are what caused this, emotional reactions to the problem at hand certainly won't repair it overnight. It will get worse before it can begin to get better.
Germany is the winner in this scenario. Having the Euro as a currency is a great boon to their national economy. They were at a trade deficit when they used the DM, but ever since the inception of the Euro, they have been cleaning-up export wise.
Germany benefits from the Eurozone as consumers from EU nation-members can buy German products with no trade impediments. Germany benefits even more from a weak Euro as it makes their products very attractive for purchase from non-Euro countries.
Not in the last ... 30 years. http://www.tradingeconomics.com/germany/balance-of-trade
It's all too little too late - after most of Greece's public assets have already been plundered by the the ECB and the IMF. We wanted that result 3 years ago - not now. A country can be ruined in 4 years.
Should we really need to wait until a country has become so fucked beyond repair that we can protest it by "punishing the main parties"? It doesn't matter who you vote for in the end, the government still gets in!
While 'democracy' isn't inherently the problem, our current interpretation of it is. It goes as follows: Some men in suits make up lots of lies to gain your votes. After they get power, they ignore all their promises and usually do the opposite. If you don't like it, tough - come back in 4-5 years.
We don't really have any democracies (rule of the mob), we have rule of the representatives. The flaw is that they don't represent the mob, they represent their own parties. The concept of a political party is undemocratic. If you vote for a representative in your constituency, he should be voting as his constituents want, not how his party tells him to. (And moreover, if this doesn't happen, you shouldn't need to wait 4 years to give him the boot)
Examples include the austrian government with far right participation, the felt 100 votes about eu membership and maastricht contracts (sometimes three times until they finally got slim pro vote). And thats one of the reasons the pirates and others are growing that fast: people are pissed by that, espacially the younger ones. just my 5 cents.