Exploiting the deepest fears of a part of Greek society, the troika has overseen the formation of a new pro memorandum government. Despite having withstood the first onslaught, the troika, however, has done little to win time and can stabilize the situation only with difficulty. The breach opened in Greek society for the implementation of adjustment policies only widens every day and will hardly be closed in the short term. The crisis of legitimacy of the established regime is deep and the breakdown of the traditional party system is an irreversible fact.

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<a href="http://www.internationalviewpoint.org/spip.php?rubrique197" rel="directory">IV550 - July 2012</a>

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<a href="http://www.internationalviewpoint.org/spip.php?mot21" rel="tag">Greece</a>,
<a href="http://www.internationalviewpoint.org/spip.php?mot297" rel="tag">European Union</a>,
<a href="http://www.internationalviewpoint.org/spip.php?mot306" rel="tag">Debt</a>