Greek leaders fail to form coalition as poll shows radical leftist would win new election

RSS Feed

Greek leaders fail to form coalition as poll shows radical leftist would win new election

May 11th, 2012

FAKE NEWS for the Zionist agenda

Though the Syriza leader slightly softened his tone yesterday, he has called
the conditions of Greece’s
financial rescue plan “barbaric” and vowed to tear it up.

Mr Venizelos accused Mr Tsipras, a charismatic 37-year-old who has taken the
political scene by storm, of “arrogance” and failing to “face up to his
political responsibilities”.

Hopes of a breakthrough had been raised on Thursday when the small Democratic
Left party proposed a national unity government that would seek to gradually
extricate Greece from its two loan deals, worth a record 240 billion euros.

Expectations increased further when Antonis Samaras, leader of the largest
party New Democracy, declared he could work with Pasok and Democratic Left
and its leader Fotis Kouvelis.

However those hopes receded when the latter decided for sure that he would not
join a government without Syriza, which polled a surprising second place in
Sunday’s election after a strident campaign against the high levels of
austerity in the EU rescue plan. He said its absence would ignore the angry
message of the election.

With opinion polls showing Syriza’s popularity jumping eleven per cent since
Sunday to 27.7 per cent, Mr Tsipras may well have preferred to wait for
another election next month.

Victory would give his party a bonus 50 seats and the probable ability to form
a coalition with just one other partner.

Earlier in the day, worried outgoing prime minister Lucas Papademos hurried to
a meeting with President Carolos Papoulias, telling the head of state that
there were “issues of economic and foreign policy that require immediate
attention”.

Greece has already committed to itemizing in June another 11.5 billion euros
in savings over the next two years. It also needs to pay back 436 million
euros in maturing debt on May 15.

Germany’s finance minister insisted yesterday that the single currency was
prepared and would weather the storm if Greece was forced out of the
eurozone.

“We want Greece to remain in the eurozone. But it also has to want this and to
fulfil its obligations,” Wolfgang Schaeuble said. “We cannot force anyone.
Europe will not sink that easily,” he told the Rheinische Post newspaper.

“We have learned a lot and built and built in protective mechanisms. The risk
of effects on other countries have been reduced and the eurozone as a whole
has become more resistant.”

The Daily Telegraph understands that the German government is increasingly
resigned to the prospect that Greece will crash out the euro over the summer
and that the eurozone is prepared. Diplomats point to over a trillion euros
in cheap European Central Bank loans since December and new powers for the
eurozone’s bail-out fund to guard Spanish and Italian banks and bonds from
contagion.