Papandreou reshuffles Greek government


Athens, Greece (CNN) -- Greece's Prime Minister George Papandreou announced Wednesday that a government reshuffle will take place Thursday, after which he will seek a vote of confidence in parliament.

The planned reshuffle represents an attempt to win support for additional austerity measures intended to help the economy weather the current crisis, measures that sparked debate Wednesday in parliament as demonstrators protested outside.

Papandreou faces strong opposition from his own party over the measures, with one member of parliament defecting and another saying that he would vote for them.

After Papandreou's announcement of the reshuffle in a brief televised statement, the main opposition called for an early election.The Greek parliament has opened debate on the austerity measures, seen by some economists as essential to Greece's meeting the terms of its international creditors.

Papandreou said the formation of a unity government requires agreement from all opposition parties on the cuts and privatizations agreed to in an international bailout Greece undertook slightly more than a year ago.

Papandreou's reshuffle comes amid mounting opposition and the defection of one of his party's parliament members over the austerity program.

The main opposition party, New Democracy, has repeatedly demanded that Papandreou quit and that a cross-party coalition renegotiate the terms of the bailout package.

The government's popularity has plunged recently, and anti-government protests turned violent Wednesday, as demonstrators threw gasoline bombs at the Ministry of Finance and police fired tear gas at protesters, police said.

Tens of thousands of protesters had vowed to form a human shield around the parliament to prevent lawmakers from debating new austerity measures Wednesday afternoon.

"This is a joke. It is all a joke," protester Christos Miliadakis, 35, said of the government plans.

"When will we be able to get out of this vicious circle? My wife lost her job. I had a 12% pay cut as a result of the first bailout. The new measures want to cut another 20% of jobs in the public sector," he said. "So if no one has money and we are just more in debt, who is going to drive the economy? We will live like slaves paying all our lives."

Architecture student Maria Iliadi, 23, said that, for people like her, "the future in this country has been erased. There will be no big public projects, and no one will be building for a long time. Sometimes, finishing my degree seems totally pointless."

About 25,000 demonstrators were on the streets of the capital by the middle of the day, police said. Two police officers and four civilians were slightly injured, and 12 people were arrested, they said.

Labor unions were holding a 24-hour strike to protest the measures and planned to march to Parliament to join forces with the protesters.

The strike has brought public services to a grinding halt and kept most transport networks at a standstill, although flights have not been affected.

Rallies also were scheduled to take place in other Greek cities.

On June 9, the Cabinet approved a tough five-year plan for 2011-15 and introduced a bill in Parliament to put the measures into effect.

The government has said that the passage of these additional measures is essential to Greece's securing the fifth portion of a 110 billion euro ($158 billion) bailout package that Greece signed with the European Union and the International Monetary Fund to prevent the country from defaulting on its debts.

Greek Finance Minister George Papaconstantinou has said the country hopes to secure a second bailout deal this month.

The search for a second bailout comes after it became evident that Greece is extremely unlikely to raise capital from private markets in 2012 due to the prohibitively high interest rates it would face.

Papaconstantinou has also indicated that European Union members may support calls to get the private sector involved.

Despite the harsh austerity measures that the Greek government has imposed, it is failing to close its budget deficit as quickly as many had hoped. The country is in recession amid its fiscal restructuring program.

The finance minister has defended the five-year austerity plan, saying it is needed to keep Greece solvent. The new measures will include a number of additional taxes and an additional 20% cut in public-sector jobs.

Protesters have been gathering outside Parliament for more than three weeks as part of an ongoing peaceful demonstration against austerity measures, with some camping in the square facing Parliament.

They call themselves "The Indignants," a grass-roots movement that takes its name from the Spanish campaign of "Los Indignados," who have been holding similar mobilizations against austerity across Spain.

The Indignants issued a statement saying it would keep going until the politicians and technocrats it blames for what is happening in Greece "go away."

The credit rating agency Standard & Poor's on Monday cut Greece's rating to just two notches above default, among the lowest in the world. The agency has said a default on some debt appears "increasingly likely."

Unemployment in Greece skyrocketed to more than 16% in May, a 40% rise since last year.

The European Commission has said Greece's economy was expected to shrink by 3.5% this year.

Papandreou has pledged to continue with the changes no matter the political cost. He has said that the alternative, a default, "would be a catastrophe."

The five-year austerity plan is expected to face a vote in Parliament in before the end of the month.

Cheap Car Insurance Opening the Book Safe Chemical Act Presspeople System Software Plan Life Insurance Top Best Home Improvements Cheap Car Insurance Auto Parts and Service Swiss Business Acting in Real Time Fitness Equipment Tips Bodybuilding Tips Search Engine Optimization Cardio Tips Home Solution Real Estate Financing Lucepedia Sports and Fitness Train Now Business Economy Global auto car loans car loans insurance Health Information how to prevent diabetes Best Credit Cards Cheap Wedding Dresses Small Business Finance Systems Body Health Home Improvement Services Guide Android Apps and Games fashion design Alcoholism Android Phones Board Games Cheap Tickets and Vacation Packages Online Prevent Child Obesity Prevent Premature Ejaculation Labor Lawyers Home Interior Design Ideas plumbers and carpet cleaning service diet and slimming Beautiful Picture Doctors Dental Care music video art BurningPedia Guide Planning Home Improvement Beauty Cosmetic Web Development Company lawyer requirements Books On Children Education security innovation work iPhone and iPad Turkey The Medical School Barbecue Electric The Linux Documentation Project Mental Health Care New Car Buying Guide House Curtains Dentist All System Education iPhone Specifications Cloud Trading Strategy mortgages and loans Pharmaceutical Info Online Application Service Provider The Masterchef Business Service Delivery Arts and Entertainment Pokerstars Real Money The Masterchef Electric Motors Gadgets Technology Casino Zone Small Business Solutions Home Advice Fashion Design Clothing Adventure Games Health and Fitness Hospital Equipment Plan Life Insurance public transportation services Prevent Premature Ejaculation Best Professional Carpet Cleaning Web Hosting Vehicle Emissions Inspection Drug Abuse Collection Travel Agency Medical Herbs color vision casting Aromatherapy Tips community film Cardio Tips Top Best Home Improvements Article Marketing Colon Cleanse Tips Terms and Conditions of Sale Products for Treating Acne Scars Natural Beauty Products Seo Web Marketing Business Prospects Trade Online Tool House Cleaner Bathing Equipment Financial Solutions Credit Loans Business Insurance Best Supplements Online Affiliate Marketing Web Design Jobs Online Business Degrees Travel and Leisure Hotel Business Online Payment Processor Women Management Criminal Law Marketing Product Webdesign Transportation Services The Marketing Business Prospects Trade Online Shop bed furniture free movies online Direct Hardware Supply Free Download PDF Technology Ipad doctors Specials Medical Dictionary Legacy Landscape Bank South Pacific Carpet Cleaner Best Internet Business Seo Web Marketing Doctor Healthy Doctors Diet Program Health Benefits of Drinking Water ups pills drugs Best Supplements dynasty fine jewelry Ceramic Floor Tile Online Business Degrees Property Residential and Commercial Real Estate All About Medical Bankruptcy Prevent Child Obesity Handbag and Shoes Education of Children physiotherapy school Cheap Airline Tickets Healthy Life PET online Interzoo Rehabilitation Center electric hybrid vehicles Baidu Software Center Automotive Advertising Agencies Health and Care Virtual private network Student Education Technosound Wedding Dresses excel archives Classic Car Restoration Defense Audit Banking Travel and holiday Forex Trading Jobs Drug Abuse Online Lottery Games Drug Abuse Health and Fitness Health and Fitness free music downloads Law Reports Wallpapers Artist online shop originals Product Auto Parts Web Developer online shop originals Product Insurance Company Health Life Technology System Home Security Beauty Cosmetic Online Travel Agency Linux Tips Guide Shooting Simulator Gadgets Technology Project Build Houses Payday Loans Health News Information Animals Shop Travel Agency North Owl Network Dentist Healthy Aging asian pretty The Tool Hospital Barbecook Best way to make Money with Forex Trading Green Home Design Online Lottery Party Clothing lawyer salary information auto car loans and insurance European Education Technology Terms The shirts and Jackets Design Capital One Credit Cards Commercial Real Estate travel channel and rental cars Pharmacy and drugs naura lagi mandi Nauraa Naura naura berhijab 1 naura berhijab Naura Mandi Bola Naura Single Photo

Blog Archive