Can He Sell Austerity?

A five-day drama to form the new ‘coalition government’ has come to an end. Lucas Papademos will be Greece’s 11th PM and along with his new cabinet, will lead the country through a transitional phase, aiming at securing the 6th and 7th tranches from the bailout funds as well as locking in the new rescue package essential..

Abusing Referendums

It seemed things had been put in order after last Wednesday’s EU summit in Brussels. EU leaders had collectively decided upon a comprehensive rescue package that would help Greece write-down its huge debt, recapitalize troubled European banks, and leverage..