In Greece – and elsewhere in Europe – the moderate center holds
On Sunday, the Greek electorate held its nose and voted for reform and austerity, for Europe and the euro. It was a vote based largely on fear of the alternative – not exactly a confidence inspiring motive, but at least it produced a workable result that Greece’s creditors should support.
Voters indeed faced a painful choice: Reelect the corrupt and clientelistic mainstream parties that, after having bankrupted Greece, now promise to thoroughly reform themselves and the country; or follow the siren songs of leftwing extremists who promise gain without pain, bailouts without conditions, and euro membership without solvency.
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