Cycling through Greece..

..through air that's not thick with anything

The air in Greece is not thick with anything. There is nothing etched on the faces here. You cannot feel the tension on the streets... at least not the streets of Edessa, the northern town I reach soon after crossing from Macedonia. Greece is suffering a stark hyperbole crisis, sensationalism here has run into diminishing returns. If we were to tax the financial media's use of words like 'toxic' and 'brink'... southern Europe would soon be back in the black. Greece is a European country being stuffed by the markets. Simple. It's not doomsday here... just a country being stuffed by the markets.
 

Greece is not in turmoil. This is especially relevant to stock markets, which Flaubert once described as nothing more than "barometers of public opinion". Irrespective of any fundamentals, objective or otherwise, the projection of chaos that has become associated with Greece is partly responsible for the fact that the Greek government has to pay yields of up to 30 per cent to borrow money. I ride into Thessaloniki, up the inside of stagnant traffic jams. When whole cities can still afford to sit in cars, burning petrol at €1.80 a litre... there's obviously a lot of crisis left to run.

Everyday Greeks seem similarly dismissive of Crisis! A woman in a bakery smiles... "What did you expect?... are we all supposed to be crying?" A man sits outside a cafe... "Pro-pa-gan-da!... Bullshit!" His friend grabs a stool... belly like a water melon, stubble, black sunglasses, curly hair cut short at the sides. He spreads his legs, pulls his shorts up like a Greek John Goodman straight out of The Big Lebowski. He plants a finger on a hairy thigh... "You see a crisis here?!... we have sun, sea, farms, petroleum... There is a crisis... a bankingcrisis... and they want us to pay for it." He goes on. "The euro was a catastrophe for Greece..." he points into his palm... "€1 was 340 drachma... coffee was 100 drachma before... then it was €1." Italians will say exactly the same. Prices doubled overnight.

Meanwhile Europe is drip-fed a diet of ignorance. Reuters will whisper about 'Grexit' and a 'drachmageddon' that will cost hundreds of billions of euros if Greece fall out of the eurozone. Either lazy journalism or market omerta prevents the making of the obvious point that bailouts to keep Greece in the euro have already cost - erm - hundreds of billions of euros, failed to work, and will ultimately see Greece sell their national assets - from islands to major ports - at far below their true value. It's a little confusing that the structure of a Greek restructure is a country that has sold the very things by which it could once have made money... perhaps that's just the formula for the 'mature economy' the Greeks are to become. A mature economy is one that innovates new ways in which it can be stuffed by the markets.

Talking to people on the streets, what is most obvious is that everyday Greeks quite clearly do not want to be bailed out, just as Angela Merkel tries to appease the everyday Germans who do not want to bail them out. If everyday Europeans, both bailers and bailees, do not want to do any bailing... it seems the only ones in favour of a bailout must be the French and German banks that will otherwise be unable to absorb the losses of their own failed investments. Let's be clear... we do not bail out governments or taxpayers... we bail out banks, the primary representatives of capitalism who are not themselves subject to the primary rule of capitalism. Failed businesses are supposed to go bust.

And yet there's more to it than that, and northern Europeans would do well to resist judgements of lazy Greeks getting what they deserve. Greece is a foothold for the idea of market preeminence over societies, applauding its application in the Mediterranean will help bring about the day when we are all made Greek. The 1929 Wall Street Crash and Great Depression saw Roosevelt famously tell the American people, "we have nothing to fear but fear itself"... in the twenty-first century our governments encourage us to shit ourselves and hope that the markets will clear up the mess. Keep hoping. For five years Europeans have been given a constant crisis narrative, one accompanied by a paucity of any real information. Italians have low household debt, a banking system thought to be solvent, and high government debt. Spain has a largely insolvent banking system and low government debt. Public sector spending is higher in France than in Italy, and yet traditionally stable France has become a more attractive destination for investment since Crisis! gathered momentum. Britain saw a financial sector debt crisis transformed into a public sector debt crisis, not least because of the costs of supporting the financial sector. Faced with very diverse economies and problems, each different nation has been prescribed the exact same solution. Strip your states... empower the markets. The markets, the markets... always the markets, a remedy proposed by those who stand to benefit from its application... if this were a medical situation we'd be talking about quack doctors and second opinions. Only in a climate of hysteria could such flimsy reasoning have come so far.

 
It is this climate that has prompted the human suffering that is the overwhelming focus of contemporary media about Greece. A 40 per cent increase in suicides has become the most infamous indicator for as much... and I wonder if perhaps that's just what the markets call the price of a mature economy. Even with recent gains in the suicide rate, it should be noted that the Greeks were starting from a very low suicide base... you're still much more likely to kill yourself as a Frenchman, German or Brit. Racist attacks have also increased significantly, some Greeks have fallen for that all too human failing... when being screwed by a white man who speaks your own language or English... the obvious thing to do is beat up an immigrant. Health and social services are being deprived of resources, so that a recent case drawing nationwide and international attention saw patients in a psychiatric hospital facing food shortages. Modern capitalism will frequently be given credit for the notion that they are responsible for feeding the world. Whether in the form of austerity-hit hospital budgets or high oil prices diverting land to biofuel rather than food... it's less talked about that markets also know just how to starve people.

Heading east for Alexandropoli I see graffiti covering signposts, a handful of which caution drivers to turn on headlights in tunnels, to be aware of landslides. It's noticeable that just the English language portion of the warning has been painted over, so that you can only see it if you're passing slowly on a bicycle. I doubt it will cause the deaths of many foreigners, but the antipathy of some is clear. None of what I'm saying is to claim that all was once well in Greece. There is general consensus that taxes were evaded, corruption problematic and pensions generous. Whatever the truth in that, the solutions on offer will create new problems rather than eradicating old ones. 

As I ride for Turkey I think back to Paris, to the businesswoman who told me the French didn't believe in the crisis and would "bury their heads in the sand." The more I think about it the more I disagree. Swallowing the pill of austerity and putting your faith in ultimate salvation from the markets has been disguised as some sort of dignified resilience. Suck it up and don't squirm. She had it the wrong way round... the only dignified thing left to do is voice the sort of truths that society has long been made embarrassed to declare. The rules of our system are broken... we must take our heads out of the sand in order to say so.

A Greek road. Photograph: Julian Sayarer

Julian Sayarer is cycling from London to Istanbul, he blogs at thisisnotforcharity.com, follow him on Twitter @julian_sayarer.

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Voters are turning against Brexit but the Lib Dems aren't benefiting

Labour's pro-Brexit stance is not preventing it from winning the support of Remainers. Will that change?

More than a year after the UK voted for Brexit, there has been little sign of buyer's remorse. The public, including around a third of Remainers, are largely of the view that the government should "get on with it".

But as real wages are squeezed (owing to the Brexit-linked inflationary spike) there are tentative signs that the mood is changing. In the event of a second referendum, an Opinium/Observer poll found, 47 per cent would vote Remain, compared to 44 per cent for Leave. Support for a repeat vote is also increasing. Forty one per cent of the public now favour a second referendum (with 48 per cent opposed), compared to 33 per cent last December. 

The Liberal Democrats have made halting Brexit their raison d'être. But as public opinion turns, there is no sign they are benefiting. Since the election, Vince Cable's party has yet to exceed single figures in the polls, scoring a lowly 6 per cent in the Opinium survey (down from 7.4 per cent at the election). 

What accounts for this disparity? After their near-extinction in 2015, the Lib Dems remain either toxic or irrelevant to many voters. Labour, by contrast, despite its pro-Brexit stance, has hoovered up Remainers (55 per cent back Jeremy Corbyn's party). 

In some cases, this reflects voters' other priorities. Remainers are prepared to support Labour on account of the party's stances on austerity, housing and education. Corbyn, meanwhile, is a eurosceptic whose internationalism and pro-migration reputation endear him to EU supporters. Other Remainers rewarded Labour MPs who voted against Article 50, rebelling against the leadership's stance. 

But the trend also partly reflects ignorance. By saying little on the subject of Brexit, Corbyn and Labour allowed Remainers to assume the best. Though there is little evidence that voters will abandon Corbyn over his EU stance, the potential exists.

For this reason, the proposal of a new party will continue to recur. By challenging Labour over Brexit, without the toxicity of Lib Dems, it would sharpen the choice before voters. Though it would not win an election, a new party could force Corbyn to soften his stance on Brexit or to offer a second referendum (mirroring Ukip's effect on the Conservatives).

The greatest problem for the project is that it lacks support where it counts: among MPs. For reasons of tribalism and strategy, there is no emergent "Gang of Four" ready to helm a new party. In the absence of a new convulsion, the UK may turn against Brexit without the anti-Brexiteers benefiting. 

George Eaton is political editor of the New Statesman.