The recent elections may have only postponed Greece’s default and Eurozone exit

Halikiopoulou, D. & Vasilopoulou, S. (2012). The recent elections may have only postponed Greece’s default and Eurozone exit.
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Last Sunday’s elections in Greece saw the pro-bailout New Democracy party gain the largest share of the vote, reassuring many commentators who had been fearing a default by Greece or even its ejection from the Eurozone. Daphne Halikiopoulou and Sofia Vasilopoulou argue, however, that anti-bailout parties in Greece received widespread support – there is still a deep division in Greek politics. This cannot be solved until the underlying problems of corruption, nepotism and clientelism in Greece are addressed.

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