The New York Times: Reports that the Government of Greek PM George Papandreou could lose a no confidence vote on Friday. It seems what ever the result it will be a disaster for the EU deal folks, if a Referendum is passed then the Greek people will say NO, if the new Government is formed it will want fresh talks on the EU deal. This has not gone down well with other EU Countries. The result is up in the air folks, one can postulate that the ruling Pasok Party would rather have a referendum and lose that, that have a General Election and be out of power. It was a bold move by the Greek PM, will it works folks, well that’s for the Olympic Gods, but one has a sneaky respect for the this political gamble.
Tuesday, November 01, 2011
Greek PM on the BRINK - Eurozone Crisis
The New York Times: Reports that the Government of Greek PM George Papandreou could lose a no confidence vote on Friday. It seems what ever the result it will be a disaster for the EU deal folks, if a Referendum is passed then the Greek people will say NO, if the new Government is formed it will want fresh talks on the EU deal. This has not gone down well with other EU Countries. The result is up in the air folks, one can postulate that the ruling Pasok Party would rather have a referendum and lose that, that have a General Election and be out of power. It was a bold move by the Greek PM, will it works folks, well that’s for the Olympic Gods, but one has a sneaky respect for the this political gamble.
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