Wednesday December 17, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Party leaders gather to appoint caretaker PM as pressure on Greece grows

Greek party leaders met with President Karolos Papoulias on Wednesday to appoint a caretaker prime minister and government that would lead Greece to new elections that many hope will end the political instability threatening the country’s future.

The leaders of all the parties elected to Parliament on May 6, apart from Chrysi Avgi (Golden Dawn) chief Nikos Michaloliakos, convened for the meeting with Papoulias.

If the party leaders fail to agree on a common candidate to take over as caretaker prime minister, President Karolos Papoulias will appoint one.

The constitution decrees this should be the head of one of Greece’s three highest courts. The favorite to be given the job is Council of State president Panayiotis Pikramenos. He will then agree on a new cabinet with the help of Papoulias.

The MPs elected on May 6 will be sworn in tomorrow but Parliament will be dissolved on Monday or Tuesday so elections can be held, most probably on June 17.

There is concern about Greece’s banking system after President Karolos Papoulias informed party leaders on Monday that about 700 million euros had been withdrawn by savers on that day.

According to the minutes of the meeting, Papoulias said that Bank of Greece Governor Giorgos Provopoulos said there was no panic or danger of a bank run at the moment but he expressed concern that “fear could turn into panic”.

An average of almost 3 billion euros has been withdrawn from Greek banks each month since the crisis began but the Financial Times quoted unnamed banking sources as saying that about 5 billion euros has been withdrawn this month alone.

France’s new Socialist President Francois Hollande sought to assuage fears about Greece’s future when he met with German Chancellor Angela Merkel in Berlin on Tuesday.

"I hope that we can say to the Greeks that Europe is ready to add measures to help growth and support economic activity so that there is a return to growth in Greece,» he said.

However, German Finance Minister Wolfgang Schaeuble moved quickly on Wednesday to douse any hopes Greek politicians might have of changing the terms of the EU-IMF loan deal.

"This is an aid programme that was prepared down to the last detail, we cannot re-negotiate it,” Schaeuble told Deutschlandfunk radio

Greece’s crisis is also having an impact on stock markets, European shares fell on Wednesday morning in a broad-based sell-off due to concerns about the country’s instability.

The FTSEurofirst 300 index fell 0.6 percent to 991.50 by 0828 GMT, having dropped 0.7 percent on Tuesday after Greek politicians failed to put together a ruling coalition, paving the way for a new election and ramping up concern over what would happen if it leaves the euro zone.

"Even if they form a government it remains to be seen if they will find some sort of compromise with Europe, because if you look at the European rhetoric, it doesn't seem too happy to give too many concessions to Greece at this point,» Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels, told Reuters.

ekathimerini.com , Wednesday May 16, 2012 (13:24)  
Universities ask state to reverse mobility scheme
Greek Parliament fails to elect president in first ballot
Ex-Golden Dawn MP Stathis Boukouras released on bail
Greeks pessimistic but oddly satisfied
Bourse index recovers some lost ground
Non-banking chips led the local stock index to a significant recovery on Wednesday before the first vote for a new president took place, with traders buying into the optimistic scenario from...
Piraeus ambitions one step closer as China signs Balkan bullet train deal
China signed a huge deal on Wednesday to finance a high-speed bullet train between Budapest and Belgrade, a key link in Beijing’s expanding network for getting its goods to European markets....
Inside Business
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
´Wee Jay´ and idol Georgios Samaras receive Greek sports journalists´ award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
To keep Turkey democratic, tie it closer to EU
Sunday's arrest of two dozen policemen and journalists in Turkey, including the editor of the country's most popular newspaper and a producer of television dramas, was just the latest eviden...
COMMENTARY
Greek stocks and bonds suggest government may fall
Greek lawmakers will vote Wednesday on whether to back Prime Minister Antonis Samaras's choice for a new head of state. The collective wisdom of financial markets suggests his gambit may fai...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bourse index recovers some lost ground
2. Piraeus ambitions one step closer as China signs Balkan bullet train deal
3. Cyprus gov’t spending to rise only 0.6 pct in 2015
4. Athens Hygeia obtains 100 pct control of Hygeia Tirana
5. Greece’s three-year yield drops 21 bps to 10.63 pct
6. Universities ask state to reverse mobility scheme
more news
Today
This Week
1. Leftist SYRIZA leading ND by 3.2 pct, survey shows
2. High stakes
3. The secret is out
4. Poll gives SYRIZA clear lead
5. Greek political fallout a worry, but financial contagion seen limited
6. Samaras seeks Parliament’s backing to stop SYRIZA threat
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Moment of truth
4. Samaras summons bond vigilantes with euro exit talk
5. East Europe scrambles for energy after Putin kills South Stream
6. A friendly yet firm message from Pierre Moscovici
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.