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Watch Greece – it may be the next Weimar Germany

Hatzis, A., (2013), “Watch Greece – it may be the next Weimar Germany”, The Financial Times, 06 Νοεμβρίου.

Since the 2012 summer elections, Greece has rumbled with echoes of the Weimar Republic. There was no doubt that the composition of the Greek legislature was the worst in modern history. Parliament now contains the full spectrum of authoritarians: neo-Nazis, Stalinists and Maoists together with radical leftwingers, populist rightwingers and numerous defenders of paranoid conspiracy theories.

Nevertheless, for more than a year the situation looked superficially bearable. Greece has a strong coalition government trying to implement reforms, cut government spending and restore our economy. But to keener observers, failures outweigh the successes.

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