nick venedi

Thursday 23 August 2012

Why is Greece going to get an extension?

Greek Prime Minister Antonios Samaras has been called to Berlin where he will be meeting the German Chancellor tomorrow and then the French President on Saturday. He will be asking for a two year extension which will allow the country to sort out internal problems and meet its 'commitments' re the bailout.

There has been speculation in the press about whether there is any truth in the hard line taken by the Germans and of course its all for show. It is obvious that if Samaras does not get his extension he will lose control of the fragile coalition he has put together in Athens and the mad Syriza party will have a chance of taking over. This will create a major problem for the EU and will definitely lead to instability so it is most unlikely that the Greeks will not get the extension they are looking for! Antonios Samaras is after all the German Governor of Greece and the Germans will not want to see him go??

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