Word: papandreou
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Greek Prime Minister George Papandreou has put tax reform at the heart of his austerity plan, and says his government is serious about fixing the roots of his country's current economic predicament. He says Greece will tackle its deficit without the deep government-wage or job cuts that other heavily indebted European countries, like Ireland, Spain and Portugal, have recently announced. Instead, Athens will pursue tax evaders. "Greece's problems," Papandreou told journalists at a press conference marking his first 100 days in office, "are due to waste, corruption and lack of respect towards...
...Papandreou says fixing Greece's mess will require rebuilding people's trust in the government. "This is more than an economic problem," he told reporters. Greece's government, he said, had a "credibility deficit" at home and abroad...
...Although polls show that Greek Prime Minister George Papandreou still has broad support for his economic plans, with about 65% of Greeks agreeing that painful measures are necessary to slash the deficit, many of the street protesters said they did not believe the government claims that it had run out of money. Others argued that it was the rich who should pay. "It's a crisis caused by the capitalist system," said Sissy Vovou, a 60-year-old pensioner. "Those who should pay are the capitalists, not the working classes...
...Papandreou's government is walking a difficult line. It's been trying to convince its European partners - as well as the global markets - that it is taking serious steps to cut state spending and tackle its deficit without causing civil unrest at home. But the choice may soon be out of Greece's hands, and Papandreou must know that any outside assistance is likely to come with strings attached...
...George Papandreou, leader of the center-left opposition, accused the government Tuesday of being unable to handle the riots and said it has lost the people's trust. After a somber meeting with the Prime Minister early this morning, Papandreou said that "the best thing they [the Government] can do is resign and let the people find a solution ... We will protect the public...