Tuesday, June 25, 2013

Greece: continuing instability.

Greece has ushered in a new government. This government reshuffle was necessitated by the leaving of the Democratic Left Party, so the ruling coalition (Antonis Samaras' Party and PAQSOK, the Socialist Party) needed to re-divide the ministerial portfolios. The new government has 153 seats out of 300, so one no confidence vote or a few defections will bring it down. This crisis was brought about by the closing of the government run TV (ERT), which is like rolling NBC, CBS and ABC into one.

Greece now faces negotiations (in reality getting orders) re the next packet of bailout funds. Ironically, it is Greece's turn to chair the EU. How is that for symbolism? It is reported that Samaras insisted that  the coalition government's aim "was from the start, and continues to be, the exhaustion of its four-year term." Which sounds Greek to me.

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