The government of George Papandreou “is hanging by a thread”, leads Eleftherotypia, responding to the resignation from the socialist group of MP George Lianis in protest against the new austerity plan – €28.4 billion in cuts – which must be voted on at the end of the month and whose adoption is essential for qualifying for financial aid from the EU and the IMF. With the resignation the government’s parliamentary majority drops to 155 seats out of 300. That majority could erode, writes the Athens daily, as “some Socialist deputies have received anonymous threats warning them not to vote on the austerity plan.” For that reason, the paper said, “the Prime Minister may risk a reshuffle in the coming days or call an election.” Forming a unity government is increasingly being discussed, particularly at To Ethnos, as a step that may ease tensions between Athens and its European partners and within Greek society itself. “On this day of the general strike,” writes To Ethnos, “the social climate is explosive”, adding that “the country is paralysed and out on the street.” Unions and the ‘outraged’ are coming together to shout out their despair, and even to block the entrance to the Parliament and prevent members from voting on the austerity plan.
The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies.
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either?
This year’s Eurovision Song Contest is hosted by Azerbaijan, a country that is far from being a model democracy. An Estonian journalist takes a critical look at the deferential treatment enjoyed by the regime in Baku.