HFA Icon

Greek Syriza Party Writing Checks That Can't Be Cashed

HFA Padded
Mark Melin
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

As Greece faces early elections, as their parliament was unable to elect a president, establishment concerns over the populist Syriza party could be amplified as the political party’s 40-point program to solve Greece’s debt crisis is released.

Greek Syriza party a chicken in every pot plan

Called by some “a chicken in every pot plan,” Syriza’s promises have been likened to writing checks that can’t be cashed and making promises that are not realistic.  Much of what the plan calls for is increasing spending, reducing its already agreed upon debt payments and floating more debt.

Greek Syriza Party Writing Checks That Can't Be Cashed

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.