Monday, June 20, 2011

Greece will vote over new constitution

Greek Prime Minister Papandreou goes on the offensive: He wants to put Tuesday's cabinet vote of confidence to the debt crisis and to promote a referendum on a new constitution in the autumn. But the opposition is skeptical. Greek Prime Minister Georgios Papandreou confirmed on Sunday in parliamentary negotiations on a second rescue package in a similar extent as in the previous level of 110 billion €.

The original assumption that Greece could take off again in 2012 lending to the financial markets have been shattered. However, this is not the government responsible, said Papandreou. He would have taken painful measures and pushed the deficit last year to five percent of gross domestic product.

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