Wall Street Journal
November 3, 2011
Thursday’s rapid developments in Greek politics have generated an avalanche of information, putting firmly in question everything from Prime Minister George Papandreou’s survival to the country’s euro membership.
A senior figure from the ruling Socialist party, Pasok, has told us that Mr. Papandreou’s resignation is the “likeliest scenario.”
The prime minister is currently in a cabinet meeting, and is due to address all his party’s MPs later. In these meetings, we are told he is most likely to step down as party leader and prime minister. But Mr. Papandreou could hang on, even though he appears unlikely to survive a planned confidence vote Friday.
So here are a few possible scenarios:
–First, Mr. Papandreou steps down and another Pasok minister, most likely Finance Minister Evangelos Venizelos, steps in. The Greek constitution would allow this for a time, but the new government would still need to move swiftly to election.
–Alternatively, someone in Pasok would lead negotiations to form a government of national unity–another interim solution that would probably result in elections by late this year or early next at the latest.
More
No comments:
Post a Comment