Monday 7 November 2011

Greece takes a positive step.....irishtimes.com

Greece takes a positive step
irishtimes.com

The Irish Times - Monday, November 7, 2011

THE GREEK governing party Pasok and the main opposition party New Democracy last night agreed to form a national unity coalition involving the resignation of Mr George Papandreou as prime minister.

This will approve the package agreed in Brussels on October 27th to provide emergency aid for the Greek economy, begin to implement it and probably prepare the way for elections. It is a welcome and necessary step towards resolving the political crisis which threatens the whole euro zone. Mr Papandreou has been understandably condemned for flawed judgment in calling a referendum on the package last week; but he did so in a desperate attempt to legitimise it...............


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