Jump to content
House Price Crash Forum
interestrateripoff

Greek Crisis: Papandreou 'to Offer To Resign'

Recommended Posts

http://www.bbc.co.uk/news/world-15575198

Greek Prime Minister George Papandreou is expected to offer his resignation within the next half-hour, sources in Athens have told the BBC.

Mr Papandreou will meet Greek President Karolos Papoulias immediately after an emergency cabinet meeting has finished.

He is expected to offer a coalition government, with former Greek central banker Lucas Papademos at the helm.

Mr Papandreou himself would stand down, the BBC understands.

The Greek government was on the verge of collapse after several ministers said they did not support Mr Papandreou's plan for a referendum on the EU bailout.

Interesting if this happens, will they have elections and a referendum on the same day?

Will a new govt take over and abandon the referendum idea?

G Pap is certainly creating chaos.

Share this post


Link to post
Share on other sites
He is expected to offer a coalition government, with former Greek central banker Lucas Papademos at the helm.

"Lads, I've got a great idea... let's just create an off-balance sheet structured investment vehicle based on Pluto and move all our debt there..."

Share this post


Link to post
Share on other sites

BBC from Reuters

1355: According to Reuters, a spokesman has said the government is now ready to discuss the idea of a temporary government.

Well, there's going to be some wrangling and horse trading.

My impression is that there are some fairly irreconcilable views on either side. This should drag on a bit.

The funny part is all those Euro leaders sitting in Cannes, not knowing whether to laugh or cry, just doodling on their pads and watching the news ticker, totally impotent.

Share this post


Link to post
Share on other sites

BBC from Reuters

Well, there's going to be some wrangling and horse trading.

My impression is that there are some fairly irreconcilable views on either side. This should drag on a bit.

The funny part is all those Euro leaders sitting in Cannes, not knowing whether to laugh or cry, just doodling on their pads and watching the news ticker, totally impotent.

How the fook do you have a temporary govt?

The deal is going to collapse, the French banks are going to get the begging bowl out to Sarkozy.

Share this post


Link to post
Share on other sites

The funny part is all those Euro leaders sitting in Cannes, not knowing whether to laugh or cry, just doodling on their pads and watching the news ticker, totally impotent.

Indeed, and this same pantomime could go on in just about any Euro country, except Germany!

Fiscal union without binding political union does look like an idea that's "had it's day" to put it politely.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.