RT AMERICA

Monday, November 7, 2011

Politicians can’t control Euro crisis





As Greece awaits the formation of a new "unity" government, Arjo Klamer, chair of economics at Erasmus University in Rotterdam, told RT that even if the new coalition is formed, it is unlikely to make any difference.

­“The big problem the Greek government has is to get its population behinds its plan. And it doesn’t seem that the people in Greece are willing to put up with all the measures that are being taken,” he explained.

The Greek PM must resign – that is the demand of the country’s opposition, if the political deadlock is to come to an end. The head of Greece's main opposition party said George Papandreou was "dangerous" and has called for early elections.

According to senior government officials, Papandreou could announce his resignation later on Sunday, hoping it will pave the way for the formation of a coalition government. Meanwhile Athens is fast running out of time to implement a crucial EU bailout plan intended to save the country from bankruptcy.

If George Papandreu resigns in the next few hours, this political solution will not do much good for the situation in Europe as a whole, believes Klamer.

“The Greek are rather disturbed, even though they say they want to hold on to the euro, they do not want to put up with the measures being imposed on them. The new government can create some sort of solution for some time, but the resistance is building up and then I see that the same thing is happening in Italy where they also have to take measures that the Italians are not willing to live with,” he stated. “I don’t think the politicians have the measures and instruments to control this crisis,” he added. SOURCE

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