Sunday, May 6, 2012

Greece Votes For A New Government Today

Old Guard in Greece Faces Challenge in Elections -- New York Times

ATHENS — Greeks went to the polls on Sunday in parliamentary elections that are expected to be the most pivotal in the country’s modern history, determining not only its future in Europe but its prospects for recovery from a devastating debt crisis.

Voters are expected to send a message to the traditional governing parties, the Socialists and the right-center New Democracy, which are being blamed for the country’s economic woes.

Sunday’s outcome, both here and in France, could resonate far beyond the Continent, possibly triggering fresh upheaval in the euro zone.

Read more
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Update: Angry Greeks vote in critical election -- AP

My Comment:
A friend of mine (who is Greek) returned from Greece last month. As she put it to me politely .... the Greek economy has collapsed, with real unemployment numbers approaching depression levels.. It is with this background that Greece is voting today.

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