In Greece the country is gearing for a snap election.
It’s a high stakes gamble for Conservative Greek Prime Minister Costas Karamanlis who is going to the country october the fourth . The Karamanlis government is increasingly unpopular. Some Greek newspapers have been pilling on the on the pressure. One headline reads:“I failed, but vote for me again!” As elsewhere in Europe the Greek economy is in trouble. As Karamanlis was asking the Greek President to dissolve parliament the Greek Stock Exchange was reacting badly to the news of a snap election. Greek stocks plummeted nearly four per cent in early afternoon trade. Adding to Greece’s woes the socialists may not be able to pull in enough votes to form a government which would plunge the country in a political crisis. This Athens resident says:“Something must change.” Another says: “They went for early elections to avoid a difficult situation. I don’t think anything will be different in Greece, whoever wins.” Another added: “ Nothing changes. People have problems, many problems.” The Karamanlis government has been rocked by scandal and criticism of the handling of huge forest fires which at one stage last month threatened the outskirts of the Greek capital. Add to this the general economic malaise, political problems ahead: small wonder investors see Greece as one of the euro zone’s weakest links. .