Meltdown: Greece set for general election over euro membership

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David Gow and Helena Smith 
Guardian

November 3, 2011

The Greek government stands on the point of collapse, with the country set for a general election over membership of the euro rather than the referendum planned for early December.

Calls for a national unity government embracing the opposition also intensified as EU political leaders and financial markets demanded an end to the regional uncertainty unleashed by a small country on the periphery of the eurozone and called for measures to prevent a slide into Europe-wide slump.

George Papandreou called an emergency meeting of his cabinet for noon local time (10am GMT) on Thursday after his finance minister broke ranks over the referendum and several socialist deputies quit or threatened to quit his Pasok bloc in parliament.

Papandreou’s political survival both as prime minister and head of the Pasok party will be determined by the cabinet meeting. Filing into parliament for the session MPs said they would listen to the leader’s assessment of the Cannes meeting before they “made up their minds” as to whether to back the confidence motion.

Read full report here

This article was posted: Thursday, November 3, 2011 at 6:31 am







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