Wall Street Journal
February 13, 2012
In the wee hours of Monday the Greek parliament passed the legislation associated with the country’s restructuring of privately held government bonds and an agreement for a second mammoth-bailout from its official creditors.
Is the drama over? Not quite yet. Here’s a short and sweet summary of what the coming week will look like in the race to beat the clock on Greece’s €14.5 billion bond redemption on March 20.
Monday Feb. 13 – Tuesday Feb. 14
Expect Greek government reshuffle, likely to replace ministers who defected and voted against the bills.
There is also the outstanding issue of whether Antonis Samaras, leader of the conservative New Democracy party leading in polls and reluctant supporter of the new Greek program measures, as well as George Papandreou, outgoing leader of socialist Pasok party and former prime minister, will have to offer written commitments to the new measures legislated in parliament last night. The issue is thorny as in the past Mr Samaras has said he finds such requests offensive – so it may flare up again.
More
See also
No comments:
Post a Comment