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live The fall of Papandreou: According to foreign analysts, beggers do not have the right to choose

03 November 2011 / 15:11:03  GRReporter
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Beggars could not choose and the fact that Greece was even thinking it had the choice whether to accept the European debt aid was beyond any logic, told CNN Kathy Lynne, who is a currency research manager at Global Forex Trading. The chief investment strategist at Janney Montgomery Scott, Mark Lucini did interpret these events to the same media as an attempt by the Greek prime minister to demonstrate political adventurism in order to impose unpopular economic measures on society.

Despite the analysts’ perceptions, CNN presented the undue optimism of the Greek prime minister that his plan would be implemented and he would remain in power in order to hold a referendum. He had said that in the referendum on December 4, the Greek people would support the country to stay in the eurozone and would be willing to take the severe measures awaiting it.

Whatever Papandreou’s reasons to shake the world with his position, international media have made head news the responses to his actions. Financial Times reported that the European Union had blocked the sixth tranche of the Greek financial aid and it was not known whether the country would receive the eight billion that had to be paid at the beginning of November this year. The edition reads that Merkel and Sarkozy insisted on the Greek prime minister specific positions, stressing that Greece outside the eurozone is no longer taboo. BBC also has reported the freezing of the aid and cited the analyst of Fortress Investment Group Donald Hannah. He said that concerns about a possible uncontrolled bankruptcy of the country were growing.

The title of the British Times sends the message of the German Chancellor and French President: "Vote yes or you’re out." The French magazine Le Figaro describes George Papandreou as a "Captain without talent." French President Nikolas Sarkozy explained to reporters in Cannes that the Greek prime minister was convinced that Greece would vote "for" in the dilemma of should the country stay in the eurozone because the opposite prospect was terrifying him.  

Wall Street Journal reads that European leaders have reached the limit of their patience around the Greek question. The prospects remaining before the Mediterranean country are either to accept the programme or to try its own forces in the economic recovery with a dramatic exit from the eurozone. The edition describes George Papandreou as a politician who is trying to preserve his democratic ideals, but loves the political games and is obviously addicted to risk.

"Weak economies, weak leaders. Greece is on the verge," is the title in New York Times. The edition says that it understands the logic of Papandreou to call a referendum to continue with the serious reform policy that comes with signing the new contract for assistance.

GRReporter invites you to vote in the new What does Greece need?

 

Tags: EconomyCrisisPapandreouCollapseInternational mediaBankruptcyFailure
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