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May 9th, 2012 
FAKE NEWS for the Zionist agenda
If no deal can be reached in the next few days, new elections will have to be
called in the next month. The political uncertainty is causing consternation
among Greece’s international creditors, who say the country must stick to
the cost-cutting terms of its multibillion bailout.
Athens has promised to pass new austerity measures worth ?14.5 billion ($18.9
billion) next month and to implement other reforms. These will be reviewed
by its creditors, who will then determine whether to release the next batch
of bailout funds that keep Greece solvent.
With the Communist Party refusing to join any government and no parties
talking to the far-right Golden Dawn, which won 21 seats in Parliament, no
coalition can be formed without Samaras. But the views between him and the
radical left remain as wide apart as ever.
Mr Tsipras has called for Greece to pull out of its bailout agreement, saying
the election result proves that the austerity deal has lost popular support.
Samaras says such a move would be catastrophic and force Greece out of the
17-nation eurozone.
“Denouncing the agreement, as (Tsipras) proposes, will lead to immediate
internal collapse and international bankruptcy, with the inevitable exit
from Europe,” Samaras said. “(Amending) the loan deal is one
thing, it is a completely different thing to unilaterally denounce it. The
second option leads to catastrophe that is certain and immediate.”
Mr Samaras urged Mr Tsipras to change his stance by the time the two meet.
“If he does not do this, it means that he is trying to build a broad
anti-European front and to take us to elections again,” Samaras said. “The
Greek people have not given a mandate to destroy the country, nor to leave
the euro. Quite the opposite.”
Greece has depended on rescue loans from other European Union countries and
the International Monetary Fund since May 2010, after decades of profligate
state spending and mismanagement sent its debt and deficit spiraling.
In return for two international bailouts worth ?240 billion ($312 billion),
Greece has slashed pensions, salaries and state spending and imposed
repeated rounds of tax hikes. The reforms have left Greece mired in the
fifth year of a deep recession, with unemployment spiraling to above 21
percent.
In addition, just two months ago, banks and other private creditors wrote off
over 100 billion euro in Greek debt – the largest debt writedown in history.
Mr Samaras insists he does not want new elections, and said he was seeking to
create a broad centre-right front that will ensure the country remains in
the euro.
If the gap between the Radical Left Coalition and New Democracy cannot be
bridged, one solution could be a partnership between the conservatives,
PASOK which came a surprise third with a meager 13.18 percent and 41 seats,
and the small Democratic Left party of Fotis Kouvelis. With its 19 seats in
parliament and 6.11 percent of the vote, the latter is emerging as a
potential kingmaker in any cooperation government.
Greek shares staged a modest recovery Wednesday after two days of big losses
that sent the main Athens stock market down to its lowest level for nearly
20 years. By midafternoon, the main Athens exchange was up 0.2 per cent.
The political uncertainty is causing concern among ordinary Greeks as well as
international creditors.
“We are not happy with the results, because the chaos that there is at
the moment in politics is also simultaneously in the country’s economy,”
said Klea Vakifli, who runs a coffee shop near the Finance Ministry in
central Athens.
Greece’s financial crisis has hit her business hard, reducing the 30 employees
of two years ago to 20 now.
“(Business) is falling and falling and falling,” she said. “Although
… our products are very good and special, it seems people can’t do it,
they can’t pay.”
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