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Saturday, 3 September 2011 - Greek PM Papandreou rules out snap elections |
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Credit: Reuters/John Kolesidis ATHENS | Sat Sep 3, 2011 8:02am EDT ATHENS (Reuters) - Greek Prime Minister George Papandreou Saturday ruled out snap elections and said his government would succeed in bringing Greece out of the crisis by the end of his term in 2013. Papandreou's socialist PASOK party is trailing in opinion polls and the government is facing a tough autumn as it tries to implement unpopular austerity measures to secure more EU/IMF funds. "Citizens will judge us in 2013," Papandreou told members of his party at a conference marking its 37th anniversary. "By then, we will have achieved bringing Greece out of the crisis and will have completed so many and important reforms," he said. Political analysts see snap elections in the horizon and say the next few months are critical for the government as Greeks return from summer holidays to tougher austerity measures. The government must also convince disgruntled lawmakers and an angry public that belt-tightening will pay off. The government's failure to meet the fiscal targets set by its international lenders is also complicating Papandreou's task. An official close to the inspectors said late Thursday that the 2011 budget deficit will be at least 8.6 percent of GDP, compared to a target of 7.6 percent. Friday, Greece and an inspection EU/IMF team interrupted talks on a new aid tranche after disagreeing over why Athens has fallen behind schedule in cutting its budget deficit. Discussions are due to resume on Sept 14. (Reporting by Angeliki Koutantou; Editing by Karolina Tagaris) World Greece Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) Krowster wrote: This guy has been in that position for so long that he thinks the money is still coming from the tourist business. Wake up, people want cheap travels to safe places. Unfortunately,the only remaining safe place is here in America. Visit us, and spend, spend,spend…. Sep 03, 2011 9:44am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Newsletters About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   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. 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