Appealing to the political center

The political quarrel between Adonis Georgiadis and the center-left Movement for Change alliance (KINAL) following the conservative development and investments minister's remarks regarding measures protecting primary residences against foreclosure has in a peculiar way underscored the need for a reliable centrist party as a tool for monitoring, evaluating and comparing political and economic developments.

This column will not focus on the merit of the foreclosure protection legislation, or on whether relevant measures should stay in place and to what extent as the country gradually returns to normality in the wake of a 10-year financial crisis. Nor will it discuss the degree to which such measures actually protect debtors who are genuinely incapable of meeting their mortgage obligations or if they are in fact a breeding ground for strategic defaulters whose audacity reached...