southeastern europe

The politica l system of the Republic of Cyprus, even after the de facto partition of the island after the invasion of the Turkish armed forces back in the summer of 1974 is a system built on deliberation and compromise. Presidential elections are an intricate affair that can often lead to unlikely bedfellows sharing between them the key political positions of the small state and the power these entail. The likelihood of gaining positions of influence in the state apparatuses, as well as personal rivalries are usually important factors in determining the composition and shape of alliances, especially in the second round of the presidential poll. These are often shortsighted attempts to gain advantages that maintain and reproduce a clientelistic system and perpetuate the "relevance" of political parties that would have otherwise become obsolete. In such a context, the notions of   Left ,   Centre  and   Right  are not able to convey recognizable messages to the...

Excellent, sober analysis of the Greek (Eurozone) crisis by Kevin Featherstone Angela Merkel is pushing Greece beyond the pain threshold This is a crisis made in Athens, but it is in no one's interest to drive Greece into political chaos Kevin Featherstone guardian.co.uk , Friday 30 April 2010 13.00 BST This week Greece and the eurozone entered an unknown time zone, of uncertainty and failure. The international financial markets are increasingly convinced that Greece will default on its debt. In the City, analysts estimate Greece will need aid of about €70bn (£60.6bn) this year, €60bn next year and €56bn in 2012. In "hedge fund" offices, the task for the Greek government appears overwhelming: its no longer if, but when it will default. But no one knows whether a default by Greece would require its exit from the eurozone. In effect, Greece already defaulted this week. As soon as its bonds were declared to be "junk" – with no ...