Lucas Papademos Sends SOS Message on Greece

Lucas Papademos Sends SOS Message on Greece

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Former Greek Prime Minister Lucas Papademos met with Greek President Karolos Papoulias to discuss the current political and financial situation in Greece. The bureaucratic former PM described the Greek economy as struggling.

But Papademos expressed his anxiety about the negative implication on the Greek economy, even before the potential repeat elections.

They also discussed developments in the International Stock Market, the EU and IMF officials’ warnings about Greece’s exit from the Eurozone, and the 450-million-euro bond expiring on Tuesday.

Greek politicians must decide whether there will be repeat elections or not by May 15. The most important fact is, however, that if political leaders deny to pay off the Memorandum, Greece should be ready to face the repercussions, either positive or negative.