Political leaders who participated in a meeting with Greek President Karolos Papoulias said that talks on forming a new government in Greece collapsed. Fotis Kouvelis, the head of Democratic Left, told reporters as he was leaving a meeting at the presidential palace, “It’s over”. For his part, Panos Kammenos, the head of the National conservative Independent Greeks, said that the parties that support the EU/IMF loan agreement couldn’t come to an agreement on the establishment of a new government, saying, “They prefer favouring the creditors to having a government… we’ll have new elections”.
If President Papoulias decides that there’s no possibility of forming a government, he’ll declare early elections for June. The 6 May election gave no single party a majority, and the blocs involved were unable to form a coalition. The Greek government pledged to carry out tough spending cuts; in return, it’d receive billions in loans from the EU and IMF. In the event that the Greek government defaulted on its debts, Greece would lose its membership in the Eurozone.
“The productive (rich) people get all the gain…” yep, that’s what you hear from Rush Limbaugh, Ann Coulter, and all the rest of the rapacious Republican crew… what they don’t tell you is, “the working and salaried people get all the pain”. That’s right… “gain is privatised… pain is socialised”… the poor babies in the McMansions can’t be inconvenienced, can they?
On Tuesday, the head of state administration stated that, in accordance with the Greek constitution, Greek President Karolos Papoulias would appoint a so-called “caretaker” government composed of senior civil servants on Wednesday; it’s intended to administer Greece for 30 days before the new election. Political leaders will decide the composition of the transitional government at a meeting on Wednesday at 13.00 local time (14.00 MSK 11.00 UTC 06.00 EDT 03.00 PDT). Earlier, attempts to form a coalition government foundered, and President Papoulias decided to call for new early elections in June.
Also on Tuesday, Evangelos Venizelos, the leader of the centre-left PASOK said that talks to form a new government failed , saying, “The country going to hold a new election”. Venizelos noted that the elections would be held “under very bad conditions”. He accused the other parties of putting partisan interests ahead of the common good in refusing to form a coalition, saying, “It’s incumbent upon every Greek is to read the minutes of today’s meeting”. Leaders of five of the seven parliamentary parties attended today’s negotiations, which President Papoulias moderated. PASOK, which was triumphant in the 2009 election with almost 44 percent of the vote, score only 13 percent in the 6 May election, winning only 41 seats in the 300-seat parliament, much less than it did in past elections. Voters “punished” Venizelos and his party for unpopular cuts in wages and pensions .
According to the Greek constitution, an interim government has a non-partisan composition under the head of one of the three highest Greek jurists. Such a government has limited powers; its sole purpose is to hold new elections within a month. In the near term, Greece must take a number of important decisions. For that reason, the Greek government pledged to take measures in June to reduce the cuts of 11 billion Euros (430 billion Roubles. 14.1 billion USD. 8.8 billion UK Pounds) due to meet the target agreed upon with its creditors to reduce the budget deficit. In addition, Greece needs to recapitalise local banks using funds from the EU funds and IMF.
15 May 2012