Wednesday May 22, 2013


subscription options


Print Edition»

  • Includes free
    digital edition
  • Digital Edition»

  • Print format with
    enhanced features!
  • QUESTION OF THE WEEK

    Survey results are meant for general information only, and are not based on recognised statistical methods.





    Home »  News »  Business

    Greek coalition talks to drag on; president proposes govt of personalities or technocrats


    Pedestrians pass a plaque portraying a Greek one-drachma coin, which was replaced by the euro in 2002, outside Athens City Hall, on Monday, May 14, 2012. Greek party leaders are to resume power-sharing talks Monday as negotiations to create a government drag into a second week, raising the specter of fresh elections that could threaten the crisis-stricken country's international bailout and its membership of the euro. (AP Photo/Petros Giannakouris)

    ATHENS, Greece - Greece's politicians on Monday lurched towards a ninth day of talks to try and form a government that could handle the country's acute financial crisis, stave off default and ensure Greece stays in the euro.

    More than a week after inconclusive elections left no party with enough votes for a majority in parliament, party leaders have been unable to agree on power-sharing amongst themselves. Greeks — furious over the handling of the financial crisis and the harsh austerity measures imposed in return for two massive international bailouts — have deserted the formerly dominant conservative and socialist parties in favour of smaller groups on the right and left who campaigned on an anti-austerity ticket.

    President Karolos Papoulias, who has been trying to break the deadlock, suggested during a meeting with the heads of three parties Monday night that a government of technocrats or respected personalities be created, with broad parliamentary support.

    He will meet with the heads of six of the seven parties that won parliamentary seats in the May 6 election, socialist PASOK party leader Evangelos Venizelos said after talks Monday with the president and the heads of conservative New Democracy and the small Democratic Left parties.

    Venizelos did not list the extremist right-wing Golden Dawn party among those invited. Golden Dawn's surge in popularity in the election has caused consternation amongst many Greeks, and the other parties have been reluctant to have any dealings with its leaders.

    If no solution can be found, the country will have to hold new elections in June.

    "The effort to form a government continues. All three of us political leaders agreed that it is absolutely necessary to have the broader support of political parties to attain such a viable government," New Democracy leader Antonis Samaras said after Monday's meeting with the president.

    "The people have given us a very clear mandate: We must try, as far as we can, all of us together, to shape this new government. Everyone must now assume their historic responsibilities," he said.

    The turmoil has roiled international markets and led Greece's stock exchange to nose-dive over the past week.


    Comments


    NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

    The Kamloops Daily News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

    blog comments powered by Disqus


    Advertising | About Us | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2013 Glacier Community Media | User Agreement & Privacy Policy

    LOG IN



    Lost your password?