Greek prime minister Lucas Papademos has said that the country’s place in the European Union must be defended. Against a backdrop of deep debt, cuts and unemployment, Papademos warned against europhobia as Greeks prepare to vote in next month’s election. “The large majority of the Greek people recognize the many substantial, long term benefits and [...]
Tag Archives | Lucas Papademos
Greece Will Bail Out Its Banks, But Not Its People
ATHENS – After imposing mandatory losses of up to 74 percent on its own banks, Greece is ready to give it all back through a plan to recapitalize them with $64.4 billion, a bailout paid for by the taxpayers. Greeks who’ve seen their pay cut up to 30 percent or more, taxes hiked, pensions slashed [...]
Papademos Calls For Elections May 6
Greek Prime Minister Lucas Papademos said Wednesday that the country will go to the polls May 6, as expected, in elections likely to create a fragmented government appointed with the task of implementing more painful austerity measures. During a cabinet meeting, Papademos said he will recommend to Greek President Karolos Papoulias later Wednesday that he [...]
Dockworkers to Go Ahead With Strike
Greek dockworkers will push ahead with a two-day strike starting Tuesday, despite pleas from government and sector officials to call off the protest, which is seen as dealing a blow to the country’s vital tourism industry. Dockworkers said Monday they will go ahead with the walkout, initially announced last week, which is expected to bring [...]
Sarkozy: Vote For Me Or End Up Like Greece
Just 17 days before the first round of voting, President Sarkozy spoke at the launch of his manifesto on Thursday, saying France faced a ”historic choice” between his austerity measures and a disastrous return to uncontrolled spending. “Certain countries in Europe are, today, on the edge of a precipice,” he warned, promising that under his continued [...]
Papademos Doesn’t Exclude Need For More Aid
Greek Prime Minister Lucas Papademos says the country might need more financial aid but will work hard to avoid having to request it, according to an Italian newspaper Friday. “Greece will do everything possible so that there is no need for a third adjustment program,” he is quoted as saying in an interview with Il [...]
Greek Snap Election Likely to Be Held on May 6
“No decision has been taken yet but May 6 is a very probable date for the elections,” the official, who declined to be named, told Reuters. There was no official confirmation of the election date. Lucas Papademos’ technocrat coalition government was formed in November with a brief mandate to complete talks on a new EU/IMF [...]
Socialists Rise Slightly After Leader Elections-Polls
Support for Greece’s Socialist party has risen slightly following the election of a new leader of the party this month, three public opinion polls showed Saturday, but the conservative New Democracy party continues to hold a wide lead over their rivals. However, the three polls–in the RealNews, Ethnos and To Vima newspapers–confirmed recent polling trends [...]
Parliament Could Have Eight Political Parties, Poll Shows
Greece’s parliament may contain as many as eight political parties after the next election with none gaining an absolute majority, an opinion poll shows. The New Democracy party, led by Antonis Samaras, is the second largest in parliament and would garner the most votes with 22.5 percent, a five percentage-point drop from the month before, [...]
Greek Parliament Ratifies Multi-Billion Bailout
The Greek parliament formally ratified early Wednesday a second eurozone bailout scheme worth up to 130 billion euros to save it from defaulting on its national debts. The text was approved overnight by 213 socialist and conservative parliamentary deputies and opposed by just 79 members from the communist left and far-right. The result was in [...]
Finance Minister Resigns
Evangelos Venizelos said on Monday he was stepping down as finance minister to lead the Socialists into a general election, a day after taking over the helm of the party, which is trailing far behind its rival conservatives in opinion polls. The election to be held by early May may produce another coalition of the [...]
Papademos: Greece Over Halfway to Recovery
Greece is “more than halfway” to economic recovery and should return to positive growth in less than two years, Greek Prime Minister Lucas Papademos told the Financial Times. In an interview published online Sunday evening, Papademos conceded that the fiscal consolidation process would require more time. However, the implementation of the reform program will lead [...]
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05 / 24 EU Leaders Tell Greek Voters to Make “The Right Choice”
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
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