Greece

Greek Prime Minister Asked to Step Down

Greek Prime Minister, George Papandreou, has been asked to resign by opposition parties. This happened because of the extreme economic crisis taking place in Greece. Papandreou has been facing a lot of opposition, especially after proposing a referendum to solve the crisis. His party holds a slight majority in parliament but has been dividing as plans move forward, especially after it was made clear that no referendum would be held.

Papandreou being asked to resign makes it clear that his plans are not working. Greece’s economic crisis has the ability to damage the Euro quite a bit, and it would be in the EU’s favor to get the crisis sorted. After proposing his ideas, Papandreou has been greatly opposed by the other parties and his plans for a unified government seem to be at a standstill. The bailout is crucial for the future success of the EU and Greece’s internal issues need to be sorted in order for it all to work out.

Realist

http://www.athensnews.gr/portal/8/49959

http://www.bbc.co.uk/news/world-europe-15586673

November 4, 2011 at 02:57 am