The prospects of ‘Graccident’

George Tsebelis (University of Michigan)
George Tsebelis (University of Michigan)

Months of bruising negotiations among EU leaders to avert economic and financial collapse in Greece may have prevented ‘Grexit’ (for now), but they have not eliminated the possibility of ‘Graccident’. Snap elections in September restored a parliamentary majority led by SYRIZA and allowed Prime Minister Alexis Tsipras to silence dissidents within his own party. Yet, any attempt to implement the reforms and meet the creditors’ demands still hinges on the capacity of a weak Greek administration and the Prime Minister’s resolve to overcome domestic resistance. Read George Tsebelis’ analytic narrative “Lessons from the Greek crisis” published in the Journal of European Public Policy to gain an inside view into the political dynamics of Greece’s third bailout negotiations and learn about the conclusions European policy-makers can draw therefrom.