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Edition: U.S. Article Comments (1) Email Print Reprints Full Focus Best of the week Our top photos from the past week. Full Article Read Indian media say Obama visit hitting right notes | 1:13am EST Google bars data from Facebook as rivalry heats up 05 Nov 2010 Is your laptop cooking your testicles? 05 Nov 2010 Obama sees potential for tax cut compromise 12:00am EDT Smith blames himself for Zenyatta defeat 06 Nov 2010 Discussed 271 Obama warns of policy rollback if Republicans win 114 Boehner vows to repeal Obama healthcare reforms 100 Republicans to win control of House with 231 seats Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Michelle Obama dances in Mumbai Sat, Nov 6 2010 Russian spy poses for Maxim Tue, Oct 19 2010 Greeks vote in high-stake local elections Tweet This Share on LinkedIn Share on Facebook By Ingrid Melander and Harry Papachristou ATHENS (Reuters) - Local polls in Greece Sunday could trigger national elections in one of Europe's most economically troubled countries if they fail to give Prime Minister George Papandreou support for... Factbox FACTBOX-Austerity measures around the euro zone Fri, Nov 5 2010 Related News PM says Greek credibility at stake in local vote Sat, Nov 6 2010 Greek PM to call snap poll if local vote negative Fri, Nov 5 2010 Q+A: Who sent the Greek parcel bombs, and why? Thu, Nov 4 2010 Greece suspends air freight after bombs found Wed, Nov 3 2010 Related Topics World » Greece » Greek Prime Minister George Papandreou waves to supporters during a pre-election rally in Athens November 5, 2010. Credit: Reuters/Yiorgos Karahalis By Ingrid Melander and Harry Papachristou ATHENS | Sat Nov 6, 2010 7:11pm EDT ATHENS (Reuters) - Local polls in Greece Sunday could trigger national elections in one of Europe's most economically troubled countries if they fail to give Prime Minister George Papandreou support for austerity measures. Papandreou has said he would dissolve parliament if he does not receive a fresh mandate for more budget cuts and structural reforms agreed in May under a 110-billion euro ($155.6-billion) EU/IMF bailout. "I am not glued to my post. I am only interested in fighting for my country ... It's up to the citizens to decide whom they trust to govern the country," he told Ethnos newspaper in an interview. "Citizens will decide in today's election if we will hold steady on the path of salvation ... or if we will go back to decay and to the Greece of bankruptcy," he added. Papandreou told the daily Ta Nea Saturday his decision would be based largely on how his candidates perform in the first round of elections in 13 newly created regions. He has not set a specific threshold for the support he requires, allowing ample room to maneuver in deciding whether to call a snap poll. The ruling Socialists came to power in October last year on plans to boost welfare spending. But they were soon forced to switch to pay cuts, tax hikes and a pension freeze after a debt crisis exploded when they revealed Greece's finances were much worse than expected. Papandreou says he needs voters' support to continue on the austerity path but analysts warn he is pursuing a high-risk strategy that may put the fiscal program at risk. "I think his strategy is risky and was not necessary," Andreas Scheuerle, an economist at DekaBank, said. "It will be just great if his gamble pays off, but if it doesn't, there will be a debate on whether the austerity policy is sustainable." Election jitters have helped push Greek bond spreads wider as investors fret about instability ahead of a year-end deadline set by the European Union (EU) and the International Monetary Fund (IMF) under the bailout plan to slash the budget deficit, a key test of Greece's capacity to handle a crisis that has threatened the euro. Contrary to other deficit-ridden countries like Ireland and Portugal, the ruling Socialists enjoy a comfortable parliamentary majority and recent opinion polls give them a lead over the main opposition conservative New Democracy party. But the two parties are down in the polls and analysts say the most likely outcome of snap general elections would be a coalition or a single-party government with a wafer-thin majority. Both options would hurt Greece's reform drive. VENTING ANGER, PATROLS INCREASED Opinion polls have indicated Papandreou's PASOK party was unlikely to suffer a big blow from the conservatives, but it may lose in politically important areas, including the Athens region, as voters vent anger at the austerity measures. 1 2 Next World Greece Comments See All Comments (1) | Post Comment Nov 06, 2010 11:26pm EDT It’s the age-old story; the conservatives spend the nation into a deficit (a secret one in this case) and it’s up to the liberals to fix the mess, forcing them to make difficult decisions that are unpopular with everyone. That causes those people who aren’t aware of the political long-game to have knee-jerk reactions that can lead to the politicians that caused the problem in the first place to get power again. We just saw that this week in America; a knee-jerk reaction propelled the party that caused all the financial problems into partial power. By Summer, 2011, Americans will be regretting their foolish decision as the Republicans drive America deeper into recession, even as they cut support for the people hurt the most by the recession. They should be teaching politics in high school as a mandatory class; too many Americans get their information about America and politics from jaundiced sources like FoxNews and CNN. They need to learn what is really at stake, and see for themselves that we can’t permit the politics of greed anymore. McBob08 Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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