Stratfor: Snap elections a high risk for Greece

Political instability perpetuated, report says

Statfor Global Intelligence think tank cites the risks involved in the decision of the Greek PM Alexis Tsipras to old snap election in September. The report likens Greece’s predicament with that of the Greek mythological figure of Sisyphus, who was condemned to roll a boulder up a hill for punishment, only to watch it roll down again, repeating the action for eternity. The institution underlines whenever Greece reaches some point of relative political stability, new events threaten to destabilise the country. The report characterises the snap elections called by Tsipras ‘a bad idea’, adding the last thing that Greece needs is a period of instability associated with elections. Stratfor estimates that the Greek PM opted to go for early elections in September, instead of waiting to go to the polls until after the first review by the EU institutions on the implementation in October, because he believes opposition political parties are weak, while the splintered new Left Platform political group will not have adequate time to organise and compile a coherent political platform. It adds that the political scene in Greece is fragmented like never before, stressing that Tsipras sill remains the most popular politician in Greece. An additional risk that will emerge, according to the report, is scepticism among northern EU countries who backed the 3rd bailout plan for Greece will rise, given the efforts they made to ‘sell’ the deal to their national electorates. A delay in the implementation of the agreed measures deriving from the bailout plan would heighten that scepticism towards Greece.