Roberto Abraham Scaruffi

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Greek's Radical Left: The Dangers of the Disaffected and the Unemployed By Scott Stewart | March 14, 2013 In last week's Geopolitical Weekly, George Friedman discussed how the global financial crisis has caused a global unemployment crisis and how Europe has become the epicenter of that crisis. He also noted that rampant unemployment will give way to a political crisis as austerity measures galvanize radical political parties opposed to the status quo. Because unemployment is so pervasive, jobless, disenchanted people are joining radical parties espousing a wide variety of ideologies. Examples include populist euroskeptic parties, such as Italy's Five Star movement; far-right parties, such as Greece's Golden Dawn party; and anti-austerity leftist groups, such as Greece's Coalition of the Radical Left, or Syriza. With unemployment in Greece at 27 percent, it is not surprising to see both radical right-wing and radical left-wing groups gaining support from those who have become deeply disaffected by the crises. Read More »