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Decisive Sunday for Greece and EU.

| By Nawab Khan BRUSSELS, June 15 (KUNA) -- For the second time in 40 days, Greece is set to vote for a new parliament and government after the May 6 elections failed to produce a clear winner.

European analysts and comments in the European press are predicting that the future of the euro zone depends on who will win the June 17 elections in Greece.

They consider new elections as a referendum on whether Greece should remain in the eurozone or not and what consequences would a Greek exit mean for Europe. Some are of the view that Alexis Tsipras, the leader of the leftist party Syriza, will be the likely winner in Sunday's polls.

Tsipras has promised the Greek people that he will renegotiate the EU-IMF bailout which he claims has contributed to worsening of the economic crisis in his country.

According to media reports, the EU is preparing an emergency plan in case Greece leaves the Eurozone.

Some analysts, however, think that such scenarios are being leaked to the press in order to frighten the Greeks not to vote for Syriza.

In a speech in Athens, late on Thursday, Tsipras said that "with their vote on Sunday for Syriza, the people will turn their backs on the two parties of bankruptcy, New Democracy and (Socialist) PASOK.

French President Francois Hollande in a TV interview has warned Greeks that if the country does not keep its bailout commitments, some eurozone countries will want it out of the bloc.

However, Greek daily Kathimerini believes that Antonis Samaras, leader of the conservative party New Democracy, is likely to be the next Greek prime minister.

"Fear of the unknown, the dangers of major upheavals that may prove fatal, and the spectre of a Greek exit from the eurozone have resulted in galvanizing New Democracy, at least to a point, which may lead to its being able to significantly increase its percentage in these elections compared to May 6," commented the paper.

For the Swedish daily Upsala Nya Tidning, Greece will slide into anarchy whatever the outcome of the vote: "The Greeks' trust in their politicians continues to diminish, and with good reason. They have no hope for the future any more," wrote the paper.

Belgian daily Le Soir opined that the case of Greece is a symptom rather than the cause of the malaise that is now affecting Europe.

"If the Greek thorn in its side had been better managed, Europe could have avoided much of the chaos that has reigned in recent months," it noted. The EU leaders want to keep Greece in the Eurozone. But the country's exit is the most reasonable long-term solution even if it means the end of the euro , wrote French economist Jacques Sapir in a commentary in the French paper Le Monde.

Not only Europe's but the whole world's eyes will be focused on Greece on Sunday simply because what happens in the country could affect the global economy. (end) nk.rk KUNA 151013 Jun 12NNNN

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Publication:Kuwait News Agency (KUNA)
Geographic Code:4EUGR
Date:Jun 15, 2012
Words:514
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