Opinion: Extreme austerity breeds extreme politics

(CNN) — A seismic shift is taking place in the Greek political system. The series of bailouts and austerity measures implemented during the last two years has led to a fundamental political crisis affecting both the function of government and the standing of key politicians and political parties. Advertisements

Property Of Submarine Bribe-Collecting Former Greek Defense Minister Seized For Tax Evasion

The following anecdote should probably explain why Germany is now ready to part ways with Greece, Lehman-like consequences be damned. As Kathimerini reports, former PASOK defense minister Akis Tsochatzopoulos has had one of his properties in central Athens seized, the same he is alleged not to have declared to avoid paying taxes.