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.
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.
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.
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.
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.
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.
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.
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.