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Greek Socialists urge PM to seek more concessions
ATHENS |
ATHENS (Reuters) - Greece's Socialist party on Tuesday criticized the prime minister for saying talks on an austerity package had concluded and urged him to seek further concessions from foreign lenders before a November 12 meeting of euro zone finance ministers.
"We call on the government to do its best, make use of the national forces, to seek the best possible result of this crucial Eurogroup meeting," PASOK party chief Evangelos Venizelos told party officials, according to a statement.
The statement came after Prime Minister Antonis Samaras said the long-running negotiations on the austerity plan had been completed and urged coalition allies to vote in favor of the package.
(Reporting by Renee Maltezou, Writing by Deepa Babington)
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The Syriza party, also known as the communists, have a 50-50 chance of prevailing in new elections. They would need additional support to form a governing coalition. Syriza has vowed to tear up the terms of the bailout and renegotiate a new agreement from scratch. This would probably cause chaos in the financial markets but may just stabilize the Greek political situation.
All of this in unlikely to happen, yet. Without the support of the Democratic Left, Samaras still has 160 votes in a 300-person chamber, so these austerity measures should pass.
As long as Greece passes more cuts, they should receive the next tranche of bailout loans in a few weeks. There is still road to kick this can down.
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