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General election within 21 days

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Maik:

--- Quote ---Greek Parliament Fails to Elect President; Greece to Call Snap Elections

Greece will have to call general elections within the next 21 days as the Greek Parliament failed to elect Stavros Dimas as President of the Republic of Greece. Greek constitution dictates that in an unsuccessful vote for President, in which only Greek MPs participate, the country has to call general elections.
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http://greece.greekreporter.com/2014/12/29/greek-parliament-fails-to-elect-president-greece-to-call-snap-elections/

Maik:

--- Quote ---The euro held its ground on Monday in the face of renewed nerves over Greece prompted by a failed attempt to elect a new president, leaving the country facing an early national election which could derail its bailout program.

Greek Prime Minister Antonis Samaras said on Monday he would propose holding an election on Jan. 25.
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http://www.reuters.com/article/2014/12/29/us-markets-forex-idUSKBN0K701120141229

Maik:

--- Quote ---Under Greek law the parliament now has to be dissolved within 10 days and elections called within 30. The prime minister, Antonis Samaras, whose conservative-dominated two-party alliance has been in office since June 2012, said he would seek elections as soon as possible. “Tomorrow I will go to the president of the republic to request snap polls as early as possible on 25 January,” he said. “It is the hour of democracy, which means truth and responsibility, not populism.”
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http://www.theguardian.com/world/2014/dec/29/greece-crisis-president-snap-election

Maik:

--- Quote ---How to Save Greece Now



The rules of euro membership, laid out in the 1992 Maastricht Treaty, stipulate that a country's debt should be no higher than 60 percent of gross domestic product. Greece's is three times that much -- high enough for the common currency club to show Greece the door. EU leaders know, however, that their earlier failures to punish deficit offenses by Germany and France, combined with persistent transgressions since then, make enforcement impossible.
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http://www.bloombergview.com/articles/2014-12-29/how-to-save-greece-now

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