8 May 2012   Leave a comment

The Radical Left Coalition in the Greek Parliament has three days to form a coalition government since the two leading vote-getting parties (New Democracy and PASOK) were unable to do so within their allotted three days.  Here is the five point program around which Syriza wishes to form a coalition:

* The immediate cancellation of all impending measures that will impoverish Greeks further, such as cuts to pensions and salaries.

* The immediate cancellation of all impending measures that undermine fundamental workers’ rights, such as the abolition of collective labor agreements.

* The immediate abolition of a law granting MPs immunity from prosecution, reform of the electoral law and a general overhaul of the political system.

* An investigation into Greek banks, and the immediate publication of the audit performed on the Greek banking sector by BlackRock.

* The setting up of an international auditing committee to investigate the causes of Greece’s public deficit, with a moratorium on all debt servicing until the findings of the audit are published.

If successful, the acceptance of thee conditions would mean the end of bail-out money from the Eu and the IMF.  Subsequently, Greece would leave the Eurozone.

A dramatic shift in Israeli politics has taken place as Prime Minister Netanyahu has invited the more moderate Kadima party into his coalition.  The move allows Netanyahu’s government to survive for a longer period of time (without the change, an election would have taken place in September).  But Kadima will likely ease some of the pressure for hard-line policies in the West Bank and against Iran.  There has been little reaction from Washington as of now.

Posted May 9, 2012 by vferraro1971 in World Politics

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