Wednesday, June 22, 2011

Greek opposition dashes hopes for unity

Financial Times
June 22, 2011

Antonis Samaras, Greece’s opposition leader, said his party would vote against the government’s latest round of austerity measures, dashing the hopes of foreign creditors that the nation’s political classes would unite in a last-ditch effort to prevent a sovereign debt default.

“They’re asking me to support the same kind of medicine for someone who is dying from that medicine. I won’t do it,” Mr Samaras, leader of the conservative New Democracy party, told the Financial Times in an interview on Wednesday.

The socialist government plans to enact a €28bn euro package of spending cuts and tax increases next week in order to secure the next €12bn euro tranche of a €110bn international loan needed to avoid default.

Finance ministers of Greece’s eurozone partners issued a public plea on Monday for all Greek political parties to support the austerity programme, saying “national unity is a prerequisite for success”.

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