Analysts say Syriza’s leadership is deeply committed to its anti-austerity ideology. That, said Christian Odendahl, chief economist at the Center for European Reform, could lead the party to overplay its hand.
Agata Gostyńska said “The memory of the 1920 treaty is still alive in the minds of most Hungarians and Orban is exploiting the fact that Hungarians still cannot come to terms with losing so much territory.”
“Offering such deep reforms up front in areas where previous governments have failed is the best hope to secure a meaningful quid-pro-quo on the pace of fiscal consolidation and debt re-profiling,” says Christian Odendahl, chief economist at the Centre for European Reform.
Simon Tilford, from the Centre for European Reform, said that Greece will remain trapped in crisis even if it wins a few concessions. “Nothing likely to happen will make any material difference for the Greek economy,” he said.
The CER commission on the UK and the EU single market