On Thursday, in a symbolic move, the 300 lawmakers elected in May 6th elections, were sworn in for only one day.
Inauguration of the one-day parliament was followed by appointment of a caretaker government, led by a senior judge.
The caretaker government has no power to make binding decisions and is only meant to lead the debt-laden south European country through the upcoming elections, planned to be held on June 17th.
The one-day old parliament was result of the June 6th inconclusive elections in which most of the Greeks voted against the tough austerity measures and unbearable spending cuts accepted by the former Greek government to overcome the severe debt crisis of the cash-stripped nation.
The political confusion is concerned to further endanger the country’s critical position within the Euro bloc and also to jeopardize the next EU bailouts.
Greece has been without a government since May 6th elections as none of the parties gained a majority in the parliament to form a government and even attempts to form a coalition government failed.
The country has been the epicenter of the euro zone debt crisis and is experiencing its fifth year of recession. One fifth of Greek workers are unemployed, banks have become shaky, and pensions and salaries have been slashed by up to 40 percent.
MY/SS
source: Presstv.ir – Europe News
Governor of Bank of Canada Mark Carney Wed May 22, 2013 7:49AM Share | Email | Print Governor of Bank of Canada has warned Europe that it faces a “decade of stagnation” if it does not apply sustained and significant reforms to put its fiscal house in order. Mark Carney issued the warning on Tuesday
Tue May 21, 2013 1:6PM Share | Email | Print Data from Greece national statistics agency shows the number of suicides in crisis-hit Greece has hit a 50-year record. CAH/SS source: Presstv.ir – Europe News
Presidential hopeful Mohsen Rezaei speaks in the central Iranian city of Isfahan on May 20, 2013. Tue May 21, 2013 2:28PM Share | Email | Print Independent presidential hopeful Mohsen Rezaei has described concern over Iran’s economic situation as the main reason behind his registration for the June 14 vote. Speaking in the central city