Greece to hold snap general election

“The dissolution of parliament does not dissolve the government,” he
said.

Whoever wins the election will have to impose additional austerity measures
worth of 5.5 per cent of GDP, or £9billion (Â 11bn), as well as collecting
an extra £2.5bn in taxes as a condition of the EU-IMF bailout instalments
that are keeping Greece from going bust.

The two mainstream Greek parties, conservative New Democracy (ND) and
Socialist Pasok, have haemorrhaged public support as millions of Greeks
blame their successive governments for an economic crisis that led to cuts
in living standards and an unemployment rate of 21 per cent.

Opinion polls show that fringe left wing parties are expected to benefit from
the elections, leaving both ND and Pasok without a parliamentary majority
and plunging Greece into further political uncertainty.

Last week’s suicide of a 77-year old pensioner in protest at austerity
measures has become a focus of popular hostility to the Greek governing
class and the EU.

Public anger was fuelled last Friday when Greek MPs took time out from passing
savage cuts to public spending and welfare benefits to agree an £24 million
(Â 29m) in election funding for political parties.

On Monday, following a series of attacks on the offices of politicians, a bomb
exploded and caused serious damage to the Greek administrative reform
ministry building in Athens.

Further adding to public anger at the Greek political class, Akis
Tsohatzopoulos, 72, a former Pasok defence minister was arrested on money
laundering charges on Wednesday.

ENDS

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