Greek debt can never be paid in full

Last night the head of the Greek party SYRIZA, Alexis Tsipras, took the oath of the Prime Minister again. His party won the early parliamentary elections, gaining about 35% of votes. Taking the oath, Tsipras urged all the countries of Europe to participate in a settlement of the migration crisis, stating that the Greek people gave a mandate to his party for fighting inside the country and abroad for the preservation of Greeks' pride.

Summing up the results of the parliamentary elections in Greece, Pavel Kandel, Section Head of the department of ethno-political and interstate conflicts at the Institute of Europe, said that there was no change in the balance of political forces in the country. According to him, SYRIZA has won a tactical victory, and despite the deepening economic crisis, despite the rising migration boom and its consequences, and despite the split in the ranks of the party, it has managed to overcome the consequences of all of this.

“Despite the migration crisis, which is the central plot in the European agenda today, and for Greece it is even more than real, nevertheless ‘Golden Dawn’, a party of outright racists, which was insisting on the issue of migrants and so on, also, in general, didn't win much. The percentage of votes it gained remained the same,” the expert said.

According to him, the political and economic agenda has not changed in Greece: “There will be further negotiations with the lenders and the creditors who are determined to insist on their own terms. But in the meantime, all serious economists have concluded that the Greek debt can never be paid in full. And anyway, this question should be dealt with in a more radical way. It is difficult to say when it will happen.”