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Greece prepares for second poll in less than two months

Greece prepares for second poll in less than two months

Debt-stricken Greece must prepare for its second elections in less than two months after failing to form a government, exacerbating the eurozone crisis which France and Germany vowed to resolve.


By Agence France-Presse

Thursday 17 May 2012, 03:12PM


The election, expected on June 17, follows an inconclusive poll on May 6 when a majority of Greeks expressed their opposition to the austerity measures which Athens agreed to in return for a massive EU-IMF bailout late last year.

“We are going again towards elections ... under very bad conditions,” Pasok party leader Evangelos Venizelos said Tuesday after the last-ditch talks failed.

“The Greek people must now make the right decisions for the good of the country,” stressed Venizelos, who supported the EU-IMF deal in a technocrat government formed last November.

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President Carolos Papoulias was due to meet party leaders on Wednesday to set up a caretaker administration to operate until the re-run polls, for which no date has yet been officially announced.

Figures Tuesday showing the Greek economy slumped a massive 6.2 per cent in the first quarter compared with a year earlier, fuelling the argument that the austerity policy is simply not working and the emphasis must turn to growth.

 

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