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Papandreou’s fall

18 July 2012 / 23:07:54  GRReporter
5310 reads

Greece faces another catastrophe. Torn for a year and a half by strikes, protests and discontent with fiscal consolidation measures, the PASOK government has to hand the power over, but there is no time and opportunity to call an election. The decision to establish a government of national salvation comes. It will be supported by PASOK, New Democracy and LAOS. The new drama is who should lead this interim government. New Democracy leader Antonis Samaras offers the Bank of Greece's leader, George Provopoulos, for a Prime Minister to the interim government. PASOK does not agree with the choice and after several unsuccessful names, the three parties settle on Lucas Papadimos who has deep knowledge in finance and is respected by European leaders.

Papandreou's balance, after his eight-month absence from active politics, is that his decision to make a referendum was right. This is shown by both electoral periods, after which prevailed the decision of a majority of Greeks to stick to the euro, despite the stringent economic measures they will have to bear. It is still not known whether their euro-future is certain. Papandreou thinks that Antonis Samaras should hold the referendum, which he himself could not perform. Right now, Greece is facing new renegotiations of credit terms and the people should turn a new page, with a clear awareness of what this means for future generations.

 

Tags: Economics Politics Papandreou referendum fall
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