Greek govt 'on verge of imploding'

[TLSS_N]

Athens - Greece's government looked on the verge of implosion on Tuesday ahead of a Friday confidence vote as a socialist deputy defected and another cadre called for early elections after the prime minister called a referendum on his EU debt rescue.
Greek Prime Minister George Papandreou called the referendum late Monday in a bid to secure approval of his disputed economic policies without early elections.
But the gambit backfired when a former deputy minister defected, reducing the ruling party's majority in the 300-seat parliament to 152 deputies.
Moments later, the head of parliament's economic affairs committee Vasso Papandreou called for an early ballot and a temporary unity government to "safeguard" the EU deal agreed last week to slash Greece's huge debt by nearly a third.
"I call on the president to convene the council of political leaders with the goal of forming a government of national salvation in view of safeguarding the EU package agreed on October 27, and then to immediately hold elections," said Papandreou, who is not related to the prime minister.

http://www.news24.co...vote-20111101 so much for a mixed economy, heh.edit: Seems to be something wrong with the tool bar, I'll come back and fix it later.

 

[Youkai]

even thaught i can partially understand the people in greece i still think they are stupid ...

its bad that most of the plans for saving money work against the poor instead of those who have the money, but its a fact that they are broken and need to do something.
Either they take the money and do as much as possible to get to +-0 or they do not take it and sell most of the land to foreign people -.-V


they should try to stand all together instead of going at each other

 

[emigre]

Questions really have to be asked about how previous Greek administrations were able to cover the true amount of their borrowing. As least this illustrates the Brussels agreement last week again was utterly pointless.Here's an article by Larry Elliot about the possibilities of the referenda.

 

[Hero-Link]

Portugal is slowly following Greece... It's pathetic

 

[BlueStar]

so much for a mixed economy, heh.

Which countries don't have a mixed economy?

 

[Gahars]

Ugh, just when you let yourself start hoping that things will finally be settled...

 

[Valwin]

if the greek falls is the end of the eurozone and the euro because will inflate it so much that it will be worthless

 

[Hyro-Sama]

Awwwwww yeah!!!!!! New world currency incoming.

 

[smile72]

Oh well not much to say. I feel sorry for some of the Geeks that are and will be affected because of poor governing.

 

[Valwin]

greeks shuld have never join the euro zone italy and spain are trying to get out the whole thing is a scam