• 7 hours Alibaba Is About To Make History Again
  • 1 day Robinhood Users Are Latest Target Of Pandemic Hackers
  • 3 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 4 days Will The 5G Rollout Overshadow This Major Merger?
  • 5 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 6 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 6 days Banks Are Getting Rich On Pandemic Overdrafts
  • 7 days The Real Reason China Is Betting Big On Renewables
  • 7 days Europe Wants To End The Big Tech Monopoly
  • 8 days New Breakthrough Could Transform Rare Earth Mining
  • 8 days Waymo Set To Roll Out Fully Self-Driving Vehicles
  • 10 days Aramco Dividend Won’t Cover Saudi Budget Gap
  • 10 days Credit Card Debt Plummets Amid COVID
  • 11 days Biden Plan Targets “Wealthy” Taxpayers
  • 13 days McAfee Arrested In Spain On Tax Evasion Charges
  • 13 days South Asia Is Set To Unleash A Flurry Of IPOs
  • 14 days U.S. Takes Stake In Irish Battery Metal Producer
  • 14 days Jobs Report Paints Dire Picture of US Economy
  • 15 days Stocks Rebounding As Trump’s Condition Reportedly Improves
  • 17 days Election Proofing Your Energy Portfolio
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Lesson of The Day: Political Metamorphosis

Fourth Greek Election Since 2012 Coming Up?

It appears that way. Now that the vote for servitude is a done deal, the ensuing Greek Reshuffle Hints at Autumn Election.

Alexis Tsipras, Greece's prime minister, appears to be preparing the nation for a snap general election in September or October after carrying out a government reshuffle that removed dissident ministers from his radical leftist Syriza party.

The changes, announced late on Friday, mean that Mr Tsipras now controls a cabinet more loyal to him and more committed to his path of adopting economic reforms demanded by Greece's eurozone creditors in return for a new rescue deal worth up to €86bn.

An early general election appears the most likely prospect, once the Greek parliament has approved the reforms, in order to clear up a confused political landscape in which Mr Tsipras is simultaneously hostage to Syriza rebels and to opposition parties that intend to offer him only temporary support.


Metamorphosis of Syriza

The metamorphosis of the radical-left Syriza caterpillar Alexis Tsipras into a center-right butterfly is nearly complete.

Tsipras has become a clone of prior Greek prime minister Antonis Samaras, the center-right New Democracy leader he vehemently denounced only six months ago.

Please note that the entirety of the change came between the Overwhelming No Vote in the July 5 yes-no Greek referendum, and Tsipras' Breathtaking Political Transformation on July 13.

In the process, we have learned an important lesson: Complete political metamorphosis of every key position takes no more than eight days, a new world record.


Butterfly Runs for Office

The switch from radical-left caterpillar to center-right butterfly required a complete sacking of Tsipras' cabinet, and new elections as well.

In the upcoming election it will be the "butterfly candidate" running for office, not the "radical-left caterpillar".

Curiously, had Tsipras run on a butterfly platform in the last election, he would have lost. This brings us to another important lesson.


Lesson Number Two

Timing of political metamorphosis is crucial. With incorrect timing, you turn into a toad or a goat, not a butterfly.

 

Back to homepage

Leave a comment

Leave a comment