Greece's Looming Suicide.

Back in 2009 the nation of Greece went bankrupt. Fortunately the Greek people were protected from the worst of this crisis by the European Union (EU) which stepped in to save Greece from its creditors. All that the EU asked for in return was for Greece to enact economic reforms to solve the problems that caused the bankruptcy.

After six long years those reforms have finally started to pay off and in the last two quarters of 2014 Greece experienced growth of 1.7%. This means that no only is Greece technically no longer in recession it is actually the fastest growing economy in the Eurozone.

The problem has been the leader of the Radical Left Coalition (Syriza) Alexis Tsipras who has looked at the suffering of his fellow countrymen and seen an opportunity to make a name for himself. With the Greek economy improving Tsipras realised that this is now really his last chance to seize power. So in December 2014 Tsipras brought down the Greek government forcing an election to be held on Sunday (25/1/15) which Syriza hope to win on the open lie that the EU's economic reforms have failed and Greece is still in recession.

Obviously the hope is the Greek people will not be foolish enough to fall for this and vote against Syriza. The next best hope is that if Syriza are elected simply having power will be enough to sate Tsipras' ego and he will abandon his plans to force Greece back into bankruptcy before the gains of the last six years can pick up momentum and economic growth can spread throughout the country.

Of course if Syriza does win and Tsipras remains intent on bankrupting the nation by defaulting on its remain debts it is now time for Greece to be cut loose from the EU. After all with so many people working so hard over the past six years if the Greeks think they can find a benefactor more patient and generous then the EU they should be welcome to take their debts to the market and give it a go.

15:30 on 24/1/15 (UK date)