• Today
    July 20

  • 04:52 PM

Greek PM says goodbye

luigimarshall, luigimarshall@nationnews.com

Added 09 November 2011


ATHENS – Outgoing Prime Minister George Papandreou has made his farewell address to the nation pledging to keep Greece in the euro and respect the terms of the European Union bailout deal. Greece’s political parties have been holding three days of talks to hammer out details of a unity government. Papandreou gave no indication of who his successor might be but said a new government had now been agreed. Without the bailout, Greece risks bankruptcy and an exit from the euro. Under the terms of the deal, Greece must enact further austerity measures in return for a bailout of 130billion euros (£111billion= US$178billion) and a write-off of half the Greek debt held by private lenders. Papandreou has met President Carolos Papoulios, and was expected to formally tender his resignation. However, the deal on the new government appeared to have hit a snag. The BBC understands the smallest party in the proposed coalition, Laos, walked out of the talks with the president and the two other parties, Papandreou’s centre-left Pasok party and New Democracy, on the centre-right. The name of the new prime minister was due to be announced after the meeting and a new government sworn in tonight. In his address, Papandreou said: “In the next few months, we will do whatever is required, not only to remain in the euro but to take advantage of the benefits of the agreement of October 26-27 [the EU bailout deal].” He also said the new government would tackle tax evasion and bring greater transparency to the public finances. But he did not say who his successor might be. “It was obvious that in order to achieve this historic agreement, we would have to find a person who had everyone’s support,” Papandreou said. “I believe this choice is very important. My role would never be an obstacle to this national unity.” (BBC)  


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Do you think the police have control over the crime situation in the country?