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A Populist Movement, Austere Realities: a Greek Tragedy - a Late Solution?

Populist movements often catch the attention and the ire of the prevailing status quo. They serve notice of impending and imminent change. Those reaping the benefits of the current state of affairs, often vehemently try to derail populist movements. But populist movements are commentaries of the inevitable, and any willful attempts to impede them could lead to more drastic and radical changes at a later time, which would pose even more severe adverse effects upon the status quo.

Hence, the rise of the Greek socialists under Prime Minister Alexis Tsipras - elected by the Greek people on an anti-austerity platform, to sway the affairs of Greece away from the status quo of having International Bankers dictate the social and fiscal polices of a nation in order to secure debt service and new credit.

However, the reality, the complexity and the size of the crushing Greek debt, appear to be humbling the new inexperienced Greek government as it confronts seasoned international financial negotiators, intent on trimming numbers to ascertain methodological returns on investments. The reality of modeled modern macroeconomics fashioned to ensure returns and economic growth has been placed on the brows of the Greeks.

While the Greek government might dream and aspire to a more Keynesian style of macroeconomics that is preferred by the masses in Greece, the international bankers have brought to wrought upon Greece an austere reality. And to this end, a Greek tragedy emerges as to realism of 2015 compared to what could have been under different circumstances and at a different time.

An eleventh-hour deal and agreement could save Greece some financial woes. Yet, whatever the final outcome, the oldest democracy has demonstrated to the world that a small debt-ridden nation of 11 million people could stand and question the status quo with a view to easing any hardships its people might inevitably have to bear.