Sunday, April 5, 2015

A Snap Election In Greece?

People holding umbrellas make their way next to fluttering Greek national flags on the main Constitution (Syntagma) square during heavy rainfall in Athens March 13, 2015.
Reuters/Alkis Konstantinidis

The Guardian: Greek political unrest and deepening debt crisis fuel talk of snap election

Yanis Varoufakis meets IMF’s Christine Lagarde in Washington DC ahead of Thursday deadline for €450m loan repayment

The worsening Greek debt crisis has reanimated talk within the ruling Syriza party of a snap general election if discussions with creditors fail, as the country faces a Thursday deadline to repay a €450m (£330m) loan to the International Monetary Fund.

The Greek finance minister, Yanis Varoufakis, was scheduled to hold informal talks with the IMF’s managing director, Christine Lagarde, in Washington DC on Sunday, while warnings of early elections underscored the political unrest in Athens.

The slow pace of negotiations with creditors and worsening state of the Greek economy brought a warning from the far-left Syriza of snap polls being held before the summer – just months after winning power.


Update: Greece and I.M.F. Hold Talks on Crucial Debt Payment -- NYT

WNU Editor: The last thing that Greece needs right now is even more political uncertainty. Unfortunately for the Greeks ..... I suspect that this is going to be (more or less) the state of affairs for the rest of the year .... and probably beyond.

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