Time for presidential initiative

The time has finally come for Greek President Karolos Papoulias to take matters into his own hands.

While, on the one hand, the country has been vilified on a global scale in the last few days, the Greek people, on the other, have been observing their political leaders play with their fate.

There are no institutional excuses for the president not to take the initiative.

Papoulias could start by addressing the nation and explaining the imperative need for immediate national understanding.

Also, like last Sunday, he could invite George Papandreou and Antonis Samaras to a joint meeting whose sole purpose would be to reach an agreement with regard to the new prime minister, as well as the composition and the aims of a national unity government.

In their distress, the people of this country are now turning to the last institution which has been left standing, that of the head of state.

Papoulias has to rise to this absolutely crucial, historical occasion.