Wednesday, November 24, 2010

Meanwhile, the Greek Government is also nearing a schism over austerity

by Gus Lubin

Business Insider
November 23, 2010

There's a growing rift in Greece's ruling PASOK government over the level of austerity, according to Kathimerini.

Although this month's election was seen as a validation for PASOK and the cold-blooded reforms of Prime Minister George Papandreou, it turns out much of his cabinet supports another approach.

Labor Minister Louka Katseli, an economist and powerful figure in the party, came out against plans to restrict the power of labor unions, putting her in direct conflict with Greece's international debtors.

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