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Joined: Apr 12 2013 Location: United Kingdom Online Status: Offline Posts: 69 |
![]() Topic: cheapest toms shoes building a new coalition coulPosted: Apr 30 2013 at 11:55am |
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austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess. This Sunday, an electorate fuming at repeated income cuts, tax hikes and rapidly rising unemployment is to vote in parliamentary elections. It's expected to abandon old political loyalties and give no party an outright majority. But this could well leave Greece without a government at the time when it needs it the most and jeopardize the program of international bailouts the country depends on to secure its place in Europe. After years of profligate government spending and dismal fiscal stewardship, in 2010 Greece was priced out of the international markets from which governments borrow. To keep the country afloat, it took two separate rescue loan agreements with its European partners and the International Monetary Fund worth more than 240 billion ($317 billion), and the biggest debt writedown in history that wiped more than 100 billion ($132 billion) off private investors' holdings. To secure the bailouts, the Greek government had little choice but to agree to a harsh round of austerity measures that cut everything from wages to pensions and healthcare. It also had to promise to dismantle the protected trades that choked up the economy. Blame for the problems that led to the rescue has been placed firmly with the two main political parties that governed Greece over the past four decades conservative New Democracy and Socialist PASOK both of whom have been accused of uncontrolled overspending, cronyism and lack of accountability. Since November 2011, when Socialist Prime Minister George Papandreou was forced out by his own lawmakers, the country has been governed by a coalition government led by caretaker Prime Minister Lucas Papademos. During that time, Greece managed to secure the second bailout and debt relief deal. Papademos called the general election in April after pushing the cuts and reforms through parliament,cheapest toms shoes. Over the past two-and-a-half years,cheap toms shoes, however, the parties that agreed on the bailouts and debt writedown appear to have lost nearly half their support, according to recent polls. Voter hostility to the cuts and reforms is very high. In recent months,toms shoes on sale, pro-austerity politicians have been jeered at, harassed and pelted with yogurt and coffee. "When we compare what people voted (last time) with what they say they will do now, everyone is heading in all directions. Anything goes," said political analyst and veteran pollster Elias Nicolacopoulos. "At least half the population will change tack and vote for another party." If, as expected, neither of the main parties secure enough votes to form a government, building a new coalition could prove a Herculean task. Conservative ND, for example, is threatening to force repeated elections until it wins a governing majority. Aggelos Tsakanikas, head of research at the Foundation for Economic and Industrial Research, says Greece can't afford repeat elections because the ensuing instability would hammer relations with its creditors. "We do not have time t
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