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Europe has told Greece to unite behind a faltering austerity program to stay in the euro. Antonis Samaras, poised to become Greek premier, has a history of stoking divisions inside and outside his New Democracy party.
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Greek Prime Minister George Papandreou’s bid to avert the euro region’s first sovereign default will culminate today with a budget vote now under way in a Parliament besieged by protesters amid a wave of strikes.
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Former Greek Foreign Minister Dora Bakoyannis yesterday launched her new ‘ Democratic Alliance Party ’ in a bid to attract Greeks who are increasingly disillusioned with the country’s two main parties.
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Greek police fired tear gas to disperse protesters in the center of Athens as labor unions shut down government services before a vote on austerity measures that may determine if the nation can avoid a default.
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Greek Prime Minister George Papandreou agreed to step down to allow the creation of a national unity government that will secure international financing and avert a collapse of the country’s economy.
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Prime Minister George Papandreou struggled to hold on to power after Greece’s largest opposition party rebuffed his overtures to form a national unity government, raising the prospect of elections that could delay aid needed to prevent default.
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Ruling party lawmakers urged Greek Prime Minister George Papandreou to step aside and allow the formation of a new government that can approve a European Union aid package needed to avert default.
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Greek Prime Minister George Papandreou’s talks on forming an interim government to avert the economy’s collapse dragged into a third day as a near-agreement with the biggest opposition party stalled on European Union demands for written commitments.
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Greece’s parliament approved austerity measures demanded by the European Union and International Monetary Fund as a condition to secure a 110 billion-euro ($140 billion) bailout, as the nation mourned three victims of Athens protests against the plan.
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Greece prepared for a new prime minister to lead an interim government of national unity as state-run NET TV and To Vima newspaper reported that former central banker Lucas Papademos will accept the post.
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