Cyprus Mail

Tsipras had it coming

Former Greek Prime Minister Alexis Tsipras

It is going to be a difficult struggle for the new government to repair all the damage and avoid the bombs that have been put in place for the last 4.5 years.

Immediately the SYRIZA government lost the European elections earlier this year, the Greek bond market fell to the lowest ever and the stock market increased 20%,nothing to do with good management by the Tsipras government. €27 billion in cash reserves loaned by the ESM at low interest rates to pay off the expensive IMF loan and cover interest for the next year or two.

The country has had very little expenditure on infrastructure, schools and hospitals, etc, for the last 8 years. Every public company is either bankrupt or running at a major loss.PPC the electric company for example, was at €90million profit in 2014 and in 2018 made a €205 Billion loss.

The largest % of voters that voted for the Tsipras government were the prisoners in jail, 87%, because the SYRIZA government has made it possible for all criminal to apply for early release, regardless of their crime.- It is called buying votes and they bought a lot of votes and still did not manage to win the election.
The unprecedented tolerance of the Tsipras government is related to its pursuit of embracing society with the poison of divisiveness and violence as an acceptable form of social struggle.

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