RESEARCH

If this does not happen, there would still be no UPA government! Read on to know why and how. T he headline tells the entire story. But the Bharatiya Janata Party had reasons to be concerned from the first two rounds of Bihar Assembly elections, while it is upbeat about the third, which it is expecting to sweep, when I landed in Patna and went all over the place in the state. The third and fourth rounds are going to be good for the BJP, as it is the weakest stretch for the so-called Mahagathbandhan , while the outcome of the last round is believed to be determined by Muslims. Our readers know what that means. This was the state of affairs when I landed in Bihar for the second time after assessing the electoral situation two months ago for Swarajya . And this is my introduction to the piece because all parties in the fray agree to this theory off the record, and so do local journalists who have a much better idea of what is happening on their turf than the staffers of

Hopefully, readers won’t find the comparisons Greek. The European country is a typical example of the ultimate fate socialism and populism meet . India, beware! I n terms of economics, this is the chronology that unfolded in Greece, which the whole news media is talking about today. Greece enters Eurozone in 2001. Unfortunately Europe goes into recession around 2008. Greece being poor, suffers more with 28 per cent unemployment. Being part of Eurozone, Greece can’t print more drachma to reduce its value in international market and make Greek exports attractive. The German-dominated European Central Bank is right for a robust Germany, does not work for a weak Greece. Debt burden on Greece today: 177 per cent of its GDP. Greece must come up with a loan payment of $1.8 billion to the IMF by yesterday, literally — 30 June — to avoid a default. Constant government borrowing to fund promises by politicians causes Greece