Crisis of Institutions and the Bank of Greece
In Greece, 80% of citizens believe there is a crisis of institutions, driven by a sense that elites are manipulating these structures for their own benefit.
In Greece, a significant majority of citizens—8 out of 10—perceive a crisis in the institutional framework of the country. This sentiment is not isolated, as it reflects a broader global trend where ordinary people feel alienated from democracy, believing that elites are effectively controlling institutions, resources, and the system for their personal advantage. To counteract this troubling trend, which is also emerging in Greece, there is a pressing need for radical political change, increased justice, and efforts to combat inequalities. The institutions themselves require a renewal of trust from the population, which has been eroded by a series of events that are perceived as moving in the opposite direction and deepening public distrust.
Against this backdrop, the recent communication hyperactivity of the Governor of the Bank of Greece has raised eyebrows. Many interpret this increased visibility as a form of 'pre-election campaign' aimed at securing a third term for him. This interpretation is further fueled by his willingness to grant interviews to platforms perceived as lacking seriousness, which some critics argue diminishes the gravity of his official position. Such actions have sparked debate about the appropriateness of his role, suggesting a conflict between his responsibilities and his public relations efforts.
The conversation surrounding the Bank of Greece and its leadership underscores deeper societal tensions regarding governance and trust in institutions. As citizens grapple with feelings of disillusionment, the actions of key figures within these institutions will likely be scrutinized more than ever. A restoration of faith in these bodies is crucial not only for the political landscape of Greece but also for the country’s overall democratic health, which hangs in a delicate balance among rising inequalities and perceived disenfranchisement of the populace.