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00:00THANK YOU VERY MUCH. HE WROTE AN ESSAY, A MASSIVE COLLECTIVE TELL. WHAT DID YOU MEAN BY THAT? >> THE GREEK POLITICAL SYSTEM, OVER THE LAST FIVE YEARS, THEY MANAGED TO CREATE A SITUATION WHERE THE SOCIETY AND ECONOMY IN THE POLITICAL SYSTEM WAS FOUNDED. ON THE ONE SIDE, WE HAD GREEK GOVERNANCE, UNWILLING TO TAKE THE RESPONSIBILITY OF IMPLEMENTING STRUCTURAL REFORMS AND HAS RESTED ON THE FISCAL ADJUSTMENT, ON THE OTHER SIDE, WE HAD THE LENDERS WHO HAVE INSISTED ON TAX AND SPENDING CUTS. ALSO, THE TRUST IS LOST AMONG VOTERS AND POLICIES BEING FOLLOWED. >> ONE THING I'VE HEARD FROM SEVERAL PEOPLE IS THERE HAS BEEN A DEEP DIVISION CREATED BY RECENT EVENTS, INCLUDING THE REFERENDUM. HOW WORRIED ARE YOU? YOU THINK THE DIVIDE WILL LAST FOR A WHILE? THAT THERE WILL BE A PERMANENT DIVIDE? >> 6 BREAK IT DOWN, THE QUESTION WAS NOT CLEAR AND PEOPLE WERE VOTING ON DIFFERENT THINGS. THEN YOU LOOK AT GREEK SOCIETY IN THE LAST FIVE YEARS , AND IT IS NO LONGER ON POLITICAL TERMS LEFT AND RIGHT. IT IS BETWEEN PEOPLE WHO FEEL THEY HAVE NOTHING LEFT TO LOSE, WHETHER THAT IS ACCURATE OR IF THAT IS WHAT THEY FEEL. THEY FEEL THEY HAVE NOTHING LEFT TO LOSE. THEN THERE IS A GROUP THAT FEELS THEY HAVE EVERYTHING TO LOSE HIS GREECE DOES NOT REMAIN IN THE EURO. >> TALK MORE ABOUT THE DIVIDE. SPECIFICALLY, WHO ARE THE TWO SIDES AND WHAT ARE THE PRESS X? >> ONE PROBLEM IS IT CUTS ACROSS GREEK SOCIETY. WE ARE NOT TALKING ABOUT RICH VERSUS POOR OR YOUNG VERSUS OLD OR EDUCATED VERSUS NOT EDUCATED. IT IS ABOUT HOW THEY PERCEIVED THE LAST FIVE YEARS AND WHETHER THEY DECREASE GOING. ONE PROBLEM IS NO GREEK PARTY IS GIVING A CONVINCING -- OF THE FUTURE. LARGELY PROMISING THINGS THAT IT REALLY CANNOT DELIVER IN THE CURRENT FRAMEWORK. ON THE OTHER SIDE, WE HAVE THE LENDERS SAYING NO, WE HAVE TO STICK WITH THE POLICIES WE HAVE HAD IN THE LAST FIVE YEARS WHICH HAVE RATED DISSATISFACTION IN THE GREEK SOCIETY. HOW YOU BRING THESE GROUPS TOGETHER, I DO NOT KNOW. YOU NEED TO STABILIZE THE SITUATION FIRST. >> EVERYONE WILL WATCH THE MEETING IN BRUSSELS, BUT OUTSIDE OF THAT, ARE YOU OPTIMISTIC SOMEONE COULD PRESENT A NEW VISION FOR THE HEALING OF THIS IS TIED IT? >> I THINK ONE PROBLEM WE HAVE FROM THE LENDERS SIDE, INSISTING WITHOUT PROVIDING A MORE HOPEFUL VISION IN THE FUTURE MEANS THAT YOU CANNOT TAKE PEOPLE WITH YOU. AND THERE IS NOT ANYONE IN GREECE AT THE MOMENT PROVIDING AN ALTERNATIVE WHO IS ABLE TO

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The History and Politics of Greece's Financial Troubles

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