Greek PM Papandreou faces party revolt over bailout

[jannyk]

Source: BBC- Breaking

Six leading members of Greece's governing Pasok party have called on Prime Minister George Papandreou to resign, the day after he called a referendum on the proposed EU bailout.

One MP has defected from Pasok, cutting Mr Papandreou's parliamentary majority to two seats - 152 out of 300 - ahead of a confidence vote on Friday.

Another MP from Mr Papandreou's centre-left Pasok party, Vasso Papandreou (no relation) called for a government of national unity. "I call on the president to convene the council of political leaders with the goal of forming a government of national salvation in view of safeguarding the EU package agreed on 27 October, and then to immediately hold elections," said Ms Papandreou, who chairs the parliamentary committee on economic affairs.

Mr Samaras, leader of the main opposition New Democrats, met Greek President Karolos Papoulias for talks on Tuesday morning.

"In order to save himself, Mr Papandreou has posed a dilemma of blackmail that puts our future and our position in Europe in danger," Mr Samaras said after the meeting.

Read more: http://www.bbc.co.uk/news/world-europe-15538809

[Marazinia]

1. Hey guys, I have an idea!

Let's let the people decide for once!


Of with his head!

[tama]

2. "Of with his head"?

For calling for a referendum? That more technocratic party bureaucrats oppose?

[Marazinia]

5. Off (can't spell today it seems)

And I was being sarcastic.

[dkf]

3. Puts their position in Europe in danger? Are you kidding me?

They need to be cut loose so they can find an equilibrium where they spend what they can afford.

Stop trying to save them and let them solve their own problems.

[tama]

4. Yes

we need to liberate ourselves from the thrall to the global ponzi scheme before it destroys us all.

The collapse of the Ponzi scheme cannot be contained, next ones to go belly up are apparently Italy and Spain and then France and the rest of the world. But that's not the economy, that's just money.

[dkf]

6. That's the money supply you are talking about.

[Po_d Mainiac]

7. It ain't about saving the land of ouzo

It's about saving the the idiot banksters that Lent the money and then printed the swaps, that insured the money which the banksters knew could not be repaid, but expected the bailouts to make them whole anyway.

The banksters just couldn't resist the spreads on the debt, esp. since they were playing with ZIRP CB (read: taxpayer) money.

Now it's just a matter of figuring out how to conceed the debt without triggering the default event which blows the derivative market to hell and back:nuke: