Greek President Karolos Papoulias has announced that talks to form a coalition, technocratic government have failed and new elections are expected. Evangelos Venizelos, leader of the Panhellenic Socialist Movement (PASOK), has presided over three failed coalition talks and is now instrumental in forming a caretaker government to chaperone Greece into its next round of elections. […]
Read MoreResponding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]
Read MoreThe fate of Greece rests in the hands of a newly elected far-left leader, Alexis Tsipras, propelled to power on a platform that Greece could no longer support her international loan agreements. The anti-austerity, leftist coalition, Syriza, emerged surprisingly strong after this past weekend’s poll, winning 16.8% of the vote. News of Greek anti-austerity measures […]
Read MoreThings are not getting easier for Papandreou as his crisis stricken government is said to be on the moves to oust him as prime minister and replace him with current finance minister, Evangelos Venizelos. Even though Papandreou survived the confidence vote at 153 to 145, he is a divisive figure incapable of uniting the nation […]
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