on air at 1100GMT: Is Greece ungovernable?
| 10:22 UK time, Thursday, 16 June 2011
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It's being seen as a desperate move. Greek Prime Minister George Papandreou is set to announce a new cabinet as he tries to get support for new austerity measures.
It's expected that the Finance Minister George Papaconstantinou will be replaced
Yesterday, Greece saw some of the most violent protests in over a year against the plans which are needed to secure more EU and IMF aid.
The government is seeking approval for a package of 28bn euros (£24.6bn; $40.5bn) of cuts, due to take effect from 2012 to 2015. It is neccessary for Greece to secure it's next aid package of - 12bn euros - from the EU and IMF.
It has caused jitters on the financial markets. The European Central Bank warned that a causing Greek banks to implode and inflicting major damage on the big banks in France and Germany.
"It looks like a week of chaos," said a European official in Brussels.
Fears over Greece's ability to pay its debts are growing but is this all Greece's fault?
This blogger say
John Kelly on says
Gee, maybe if Greece actually asked it's most privileged class to pitch in instead of cutting jobs and services for everyone else, there wouldn't be quite so much anger. Y' think?
Léonn Ateba on facebook
If they have an alternative solution, they should propose it. The problem's not who to blame, but how to tighten there belts to get out of this mess.
Should the protesters accept these cuts and stop demonstrating? Or is Greece being judged too harshly? As both the political and economic situation deteriorates , is Greece becoming ungovernable?
