the formation of the Greek Govt seems to be very quiet.

The_White_Horse

maybe the anti - austerity lot will get their turn now?

MacMickster

I believe that the largest party have another day to try to form a coalition and then the others get a go.

My bet is that all attempts will fail and the Greeks will be faced with yet another election at the beginning of August, so will be unable to put in place the measures required to receive the next stage of the bailout package.

It looks like they are approaching the end game.

vivatifosi

MacMickster wrote: »

It looks like they are approaching the end game.

A worrying thought. There was an interesting article in yesterday's FT that received little coverage, comparing Greece now to the Weimar Republic, similar in this week's Charlemagne column in the Economist. I'd tend to ignore stuff like this if it was in the Daily Mail but its worrying when it's in both serious economic publications. Dangerous times.

Here's a link for the FT:
http://www.ft.com/cms/s/0/0a26ab78-b577-11e1-ab92-00144feabdc0.html#axzz1yJjmpJj4

If you can't reach via link, go to google news and google Greece Weimar, should pull up link.

And for the Economist:
http://www.economist.com/node/21556949?scode=3d26b0b17065c2cf29c06c010184c684

Generali

The_White_Horse wrote: »

maybe the anti - austerity lot will get their turn now?

It looks like ND, Pasok and one of the smaller parties are going to enter a coalition that will have 179 seats, a majority of >50. Unusually, there has been some argument about who isn't finance minister. Normally that's the plum job.

Graham_Devon

MacMickster wrote: »

I believe that the largest party have another day to try to form a coalition and then the others get a go.

My bet is that all attempts will fail and the Greeks will be faced with yet another election at the beginning of August, so will be unable to put in place the measures required to receive the next stage of the bailout package.

It looks like they are approaching the end game.

Was on the radio that it could be extended to another week to form a coalition if they can't get it sorted?

Generali

Graham_Devon wrote: »

Was on the radio that it could be extended to another week to form a coalition if they can't get it sorted?

It's hard to see how that would help. It looks unlikely that SYRIZA could form a coalition. If you look them up on Wiki the parties that make up SYRIZA are a bunch of nutters.

Wookster

Generali wrote: »

Normally that's the plum job.

It is quite incredible that Greece cannot do seemingly basic things such as collect taxes. I remember reading an article that they had named and shamed a number of tax evaders (who owed over €1M in tax each) but had done nothing to actually collect the tax.

I'd wager that if they could collect back taxes there would be no need for further help from the 'troika'.

Generali wrote: »

It's hard to see how that would help. It looks unlikely that SYRIZA could form a coalition. If you look them up on Wiki the parties that make up SYRIZA are a bunch of nutters.

They are, and the BBC supports them!

Wookster

Syriza consists of:

With the aforementioned additions, the Coalition currently comprises the following parties (in alphabetical order):[37]
Active Citizens (Ενεργοί Πολίτες): democratic socialism, patriotism
Anticapitalist Political Group (ΑΠΟ): communism, trotskyism
Communist Organization of Greece (KOE): maoism, communism
Democratic Social Movement (DIKKI): left-wing nationalism, socialism,[38] euroscepticism[39]
Ecosocialists of Greece: eco-socialism, left ecology
Internationalist Workers' Left (DEA): revolutionary socialism, communism, trotskyism
Movement for the United in Action Left (KEDA): communism
Radical Left Group Roza
Radicals (Ριζοσπάστες): democratic socialism, patriotism
Red (Κόκκινο): communism, trotskyism
Renewing Communist Ecological Left (AKOA): democratic socialism, eurocommunism, green politics
Synaspism!s (SYN): democratic socialism,[40] eco-socialism,[4] eurocommunism,[41] environmentalism,[40] feminism[40]
Unitary Movement: democratic socialism, social democracy

ILW

Wookster wrote: »

It is quite incredible that Greece cannot do seemingly basic things such as collect taxes. I remember reading an article that they had named and shamed a number of tax evaders (who owed over €1M in tax each) but had done nothing to actually collect the tax.

I'd wager that if they could collect back taxes there would be no need for further help from the 'troika'.



They are, and the BBC supports them!

Apparently, it's all the Germans fault that they do not collect their taxes.

Wookster

ILW wrote: »

Apparently, it's all the Germans fault that they do not collect their taxes.

I thought it was Maggie's fault!

ILW

Wookster wrote: »

I thought it was Maggie's fault!

She must be German then.