Greek parties ignore appeal for rapid compromise

By REUTERS
November 6, 2011 05:06
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

ATHENS - Greece's ruling socialists and opposition conservatives offered rival plans for saving the nation from bankruptcy and safeguarding its euro zone membership, ignoring an appeal from the president to cooperate now on tackling the mess.

For Prime Minister George Papandreou, only a coalition government ruling for at least several months can set Greece on the road to national salvation and secure a financial lifeline from international lenders before the money runs out.

But the conservative opposition flatly rejected the idea, offering its competing vision of snap elections -- and demanding Papandreou's resignation after two years of grappling with economic, political and social crisis.

All this disregarded an appeal by President Karolos Papoulias for the opposing sides of Greek politics to overcome their differences and get to work solving a crisis which risks wrecking international faith in the entire euro project.

"Consensus is the one and only way," Papoulias told the prime minister when he went to the presidential palace to launch his drive for a coalition government.

At immediate stake is the fate of Greece's 130 billion euro bailout, agreed by euro zone leaders to keep Athens afloat, and restore confidence on global financial markets that the euro zone nations can handle a crisis that could afflict much bigger economies such as Italy and Spain.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
October 21, 2018
Russia: U.S. withdrawal from nuclear treaty is a dangerous step

By REUTERS