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JAPAN NEWS AND DISCUSSION

Greek PM calls referendum, confidence vote on EU debt deal

World Nov. 01, 2011 - 01:48AM JST ( 4 )

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4 Comments

1

TheQuestionNov. 01, 2011 - 12:00PM JST

Papandreou's losing support and so is his party, if this were any other place or circumstance I'd say it was a bold make-or-break move to jolt some support back into the population, but since it's Greece...I have absolutely no idea what he's doing.

At this point in time I could easily see the vote going either way, especially if it means more 'austerity' measures.
0

globalwatcherNov. 02, 2011 - 05:10AM JST

After all, the referendum may be dead today. Greece is on the way to collapse. How stupid the people of Greece reject this deal to save country. I am speechless. This will make Germany and France very angry IMHO. What a mess!!
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Antonios_MNov. 02, 2011 - 07:10AM JST

I doubt that the people of Greece rejected any offer to save the country. The government was the responsible one for not being able to implement all the necessary reforms. Adding more taxes and cutting minimum pensions to half is not a way to make the country more competitive.

It is obvious that Pasok people could not deal efficiently with this kind of crisis. After all, they were elected as the "Socialist" Party and socialism is not a way to go for Greece right not. They need liberal reforms and reduce spending significantly, as well as minimizing the huge public sector. Thus, they need to resign immediately before they make things worse for both Greece and the Eurozone and allow Greek and European technocrats to run the government and adopt the necessary policies.

This is the only way. Referendum is obviously a terrible decision.
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globalwatcherNov. 02, 2011 - 09:57AM JST

They need liberal reforms and reduce spending significantly, as well as minimizing the huge public sector. Thus, they need to resign immediately before they make things worse for both Greece and the Eurozone and allow Greek and European technocrats to run the government and adopt the necessary policies.

I agreed, Antonios. They need to resign, but who else will be able to govern Greece? I cannot think anyone. Today, Greece is in a helpless situation.