Breakingviews - It’s time to worry about Greece again

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Breakingviews - It’s time to worry about Greece again
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It is only a few years since the Grexit horror movie ended. But sadly Greece’s creditors, investors and allies need to start worrying about the country again. A bugging scandal threatens Prime Minister Kyriakos Mitsotakis’ government and prolonged political instability. This is not a re-run of the crisis that threatened to eject Greece from the euro. But the state’s high deficit and debt – which is 189% of GDP – are a cause for concern at a time of soaring energy prices and rising interest rates.

. He fired the head of the intelligence service. The government’s general secretary, to whom the intelligence service reported and who is Mitsotakis’ nephew, also quit. The government denies purchasing or using Predator. Nevertheless, the Greek parliament has reconvened to debate the issue today.Although Mitsotakis has a solid majority, he has to call an election at the latest by August 2023.

However, it will also be hard for Greece’s largest opposition party, the left-wing Syriza, to form a coalition. Though it would try to cut a deal with Pasok, the two groups probably wouldn’t have a majority. They might only be able to get one via a fanciful coalition including the communists and the far-right.

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