Faster tempo

Posted by Antonis D. Papagiannidis 22/06/2020 0 Comment(s) Economia Blog,

The tempo of change is getting faster and faster - in more than one fields. This makes it increasingly difficult for public opinion to adapt; but also for the political system - the supposed driving force - to keep up with expectations.

 

In the circle of Greek public life, the changes in style, but also in essence in the major field of Greek-Turkish relations get fiendishly difficult to follow. After months of increasing Turkish aggressivity in the Eastern Mediterranean, of threats and maneuvering that clearly aimed to put Greece in a corner, with faint opposition from major players in the region (US, EU), Turkish Foreign Minister Mevlut Cavusoglu - out of the blue - declared willingness to engage in a dialogue with Greece.

 

Then let’s get a glimpse of the problems arising from the timing of the promising funding for the reboot of the economy out of the “Next Generation EU”/Recovery Fund. Negotiations per se over the Recovery Fund may be difficult to predict and their own tempo lagging and then speeding up; but the change-over of the EU towards a post-Keynesian model just months down the road of a liberal economics era is gaining speed: even Central European players look baffled from the change...

 

One last field of concern the coronavirus pandemic has left Greece comparatively unscathed from a health point of view. But the economic impact of the months-long lock-down is here to stay - especially on SMEs and more generally on the workforce.  The summer months make clear the ravages wrought on the tourist sector; soothing predictions of a soft landing seem insufficient and successive support packages are deployed.

 

On all three fronts, people are called upon to adapt to a new reality-fast.

 

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