MHI Editorial

 

Political Turmoil and Economic Crisis

May 9, 2012

François Hollande, elected to the presidency of France on May 6, was the first candidate of the Socialist Party to win that post in 24 years. And the Greek electorate dealt a crushing blow to the conservative New Democracy Party as well as the social democratic PASOK. A party to its left, SYRIZA, which opposes the agreement to restructure Greece’s sovereign debt and the associated austerity measures, came in second to New Democracy in the election and is now trying to put together a coalition government after New Democracy was unable to do so.

These developments may seem to be indicative of a shift to the left, but they are not. We need to be oppressively aware of the upsurge in popularity that the racist right-wing and even fascists are enjoying.

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