Chaos in Greece amid battle to form a 'government of national salvation'

[marmar]

from the Guardian UK:



Politicians in Greece were engaged in frantic negotiations to form a government of "national salvation" on Saturday in a desperate bid to prevent debt-stricken Athens plunging into bankruptcy and possible exit from the EU.

As Europe's leaders looked on nervously, embattled prime minister George Papandreou visited head of state president Karalos Papoulias to ask to form a broad-based transitional administration that could navigate the country out of its worst crisis in modern times following a week of high political drama.

"My aim is to immediately create a government of co-operation. A lack of consensus would worry our European partners over our country's will to stay in the eurozone," declared Papandreou who hours earlier narrowly survived a vote of confidence in parliament. "Consensus is essential for the country," he said, adding that he was not "tied" to his post and was willing to step aside.

In Greece's bitterly divided political scene forming such a government will not be easy. The battle lines between left and right, shaped historically by a brutal civil war and military dictatorship, remain deep. Papandreou's offer was immediately shot down by the conservative main opposition party, who instead repeated calls for snap elections to be held immediately, a step described as a "disaster" by the socialist premier. ..............(more)

The complete piece is at: http://www.guardian.co.uk/world/2011/nov/05/greece-eurozone-crisis-papandreou

[sam11111]

1. tax cuts for the rich... i see all europe is near 50% or LESS top rate ..wiki

So isn't that the real major caUse of Debt problem there....as here too?
http://en.m.wikipedia.org/wiki/Tax_rates_around_the_world

What are LW leaders over there calling for as the solutions?

[tama]

2. LW leaders?

Greece being the example to follow, we throw old youghurt over them. We don't follow any leaders any more, we start accepting and taking responsibility.

[sam11111]

3. OK what do LWers on the street want as a solution?

[Jazzgirl]

4. Do you have a solution? LW'ers?

[badtoworse]

6. There is no painless solution

The Greeks have been enjoying a life style that was unsupportable with their economy. They've run out of ways to fund it with more debt and it's time to start paying up.

[sam11111]

5. kik