Election risk looms over Greek economy

The election risk is perhaps the greatest challenge for the course of Greek economy, fiscal stability and the conquest of investment grade, in a year when international uncertainties are running high.

Bank of Greece Governor Yannis Stournaras has urged caution on the finances ahead of the elections, expressing widespread concern. The memories of the sacrifices of the years of streamlining are still fresh. While it is natural to want to forget those recent adventures, as the head of the Foundation for Economic and Industrial Research (IOBE) Nikos Vettas writes in Kathimerini, it is more useful to prevent new ones.

The government is brushing off criticism about handouts and is moving along the line that any excess revenues, thanks to higher growth, will "return as a dividend to those most in need," State Minister Akis Skertsos writes in Kathimerini.

Critics of...