Skip to comments.Greek PM to resign after coalition government formed
Posted on 11/06/2011 5:07:21 AM PST by markomalley
Greek Prime Minister George Papandreou will resign after the makeup of the nation's new coalition government is decided, officials said Sunday.
Sunday's Cabinet meeting will be the last with Papandreou as prime minister, a government spokesman said in a statement. The meeting will focus on issues relating to Monday's Euro group meeting, at which Finance Minister Evangelos Venizelos will represent Greece, the statement said.
A spokesman for Papandreou's Socialist PASOK party said the prime minister will resign after the government is announced.
Venizelos is likely to remain in his post as finance minister in a new government, sources told Greek television. Candidates for the prime minister's job include Petros Moliviatis and Loukas Papaimos, according to Greek television.
(Excerpt) Read more at cnn.com ...
Does this indicate a move AWAY from their failed socialism and toward a free market based economy?
So, he wins the vote yesterday and then decides to resign.
What was the point of the vote?
Papandreou’s resignation was the price that the Greek opposition leader, Antonis Samaras, wanted for his support of the debt deal.
Since Greece is still in the EU, Greece is still hosed. Everything else is the EU attempting to put lipstick on a pig.
-——What was the point of the vote?——
He was given the option......resign or be fired. The confidence vote takes away the being fired stigma.
The totality of the action is nothing has changed to resolve the debacle. The Euro’s solution will be accepted. The face saving fight was actually lost. The can will be kicked down the road.
The important point is that banks will remain solvent. That is really all that matters.
Greece, the rest of Europe, and the United States have to stop the bleeding.
The open wound is entitlements paid to an aging population that is working less, gone on disability, retired early, or given up working altogether.
During the 1930's, the US was sick economically, but in terms of innovation we were making incredible strides in electronics, manufacturing, transportation, plastics, synthetics, aviation, and bio-medicine.
Today, we are limping along like a sick dog.
Politicians refuse to tell their voters the truth: the voters have promised themselves endless checks and benefits that no nation can afford.
I fear that the only "solution" will be total global meltdown. That is the only thing that will shake voters and citizens out of their fantasy delusion that the retirement, social security, Medicare, Medicaid, and disability checks will keep on rolling in forever.
Unfortunately, that "solution" is also the nuclear option. Our world will be destroyed, and remade under what I can only guess will be a one-world totalitarian regime under the thumb of pure evil.
He’ll fade into the sunset with a nice pension.
From my point of view it appears to be just another case of ‘kick the can down the road’. My question is why? Are they hoping for an economic or banking miracle? Or are the trying to delay as long as possible so as to remove their nest eggs from a failing system and therefore be set up for whatever happens in the future?
....all he's going to be doing is rearranging the deck chairs in their ship of state.
..... I’m not so sure. The Papandreou clan is one of Greece’s premier political crime families. I suspect he and his cronies will be working hard behind the scenes to regain power.
“The confidence vote takes away the being fired stigma.”
lol. I wonder how many would have voted ‘No’ if they hadn’t been told that he was going to resign anyway.
Sounds like they knew before that he was going to resign, and it was a case of “let’s not bruise his ego on his way out the door”
So..uh...how did that socialism thing work out for you, George?
I sincerely hope that this will indicate a move toward a free-market economy for Greece, the so-called “Cradle of Democracy”.
It's what he's been wanting all his life.
Yes, funded....no doubt...by the latest debt deal. They can agree to any deal and austerity measures that come down the pike. Bottom line is: They have to execute the plan. Somehow, I don't see that happening.
Expecting bailouts agreements to correct Greece is like expecting UN sanctions to stop Iran from building nukes.
“My question is why?”
It’s real simple, actually. It’s all about allowing the current ruling elite to maintain their cushy elite ruling positions just a tiny bit longer. That’s all it’s ever about.
It's their Kennedy clan, eh?
More importantly, how many days will the “coalition” last before it collapses?
“In the grand scheme of things, Greece is too small,” he said.”
I guess mathematical genius Randolph has never heard of brittle or unstable systems or the butterfly effect.
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