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Papandreou on Brink as Government Loses Majority CNBC.com | November 03, 2011 | 06:53 AM EDT
Greek Prime Minister George Papandreou is facing calls for his resignation, as he chairs an emergency cabinet meeting.
His PASOK party was thrown into disarray on Thursday morning after a series of defections left it without a majority in the Greek Parliament.
After a number of PASOK MPs declared that they would not support the referendum on the latest bailout deal for Greece, Papandreou was left with the support of just 149 MPs in a parliament of 300.
Opposition politicians are now calling for him to step down and for a new coalition government to be formed, before early elections.
"It is critical that the country's political forces agree to the creation of a national salvation government," PASOK politician Dimitris Lintzeris told reporters Thursday morning. "Papandreou is past."
Vasso Papandreou (no relation to the Prime Minister), also from PASOK, repeated her call for a national unity government to make sure that last month's bailout deal is enacted.
Finance minister Evangelos Venizelos issued a statement expressing concerns about the planned referendum Thursday morning. The referendum is scheduled for December 4.
The Greek parliament is due to hold a vote of confidence in the government Friday morning.
If it is defeated, the government may have to face a new election, which could cause even more turmoil in the debt-laden state.
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发表于 2011-11-3 06:50 AM
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