Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DCBob

(24,689 posts)
Sat Feb 11, 2012, 09:00 AM Feb 2012

Papandreou and Samaras warn their party members not be "rebels or bravehearts".

ATHENS, Greece (AP) — The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures — essential if Greece is to get a new bailout deal worth euro130 billion ($171.6 billion) and stave off bankruptcy.

Debate on emergency legislation approving the new bailout and a debt-swapping deal with private creditors will begin in committee Saturday afternoon. A plenary session will debate and vote on it Sunday. Further legislation detailing the measures demanded by, and agreed with, Greece's public creditors, the European Union and the International Monetary Fund, will be up for vote a few days later. The exact time has not yet been set.

Both leaders — socialist George Papandreou and conservative Antonis Samaras — told their respective parliamentary groups that there is no real alternative to voting for the legislation, except pushing Greece to bankruptcy.

"If we do not dare today, we will live a catastrophe," Papandreou said.

Sensing the unease among their MPs, and trying to prevent a wholesale rebellion, both Papandreou and Samaras have called for a yes vote. But whereas Papandreou was vague about the prospect of sanctions against any rebels, Samaras was clear — threatening to expel those who did not vote in favor and to exclude them from the next election. "I want to make it absolutely clear ... rebels or 'bravehearts' have no place in (the party's) candidate lists," he said.

more: http://www.npr.org/templates/story/story.php?storyId=146735372

===========

Looks like they are taking no chances on this vote. Clearly they sense this is the do or die moment.

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Papandreou and Samaras warn their party members not be "rebels or bravehearts". (Original Post) DCBob Feb 2012 OP
I think catastrophe is guaranteed.. Fumesucker Feb 2012 #1
I think "slower catastrophe" is what everyone is banking on. DCBob Feb 2012 #2
I think the efforts are focused on containing the catastrophe to the 99%.. Fumesucker Feb 2012 #3
Greek bond investors are slated to take about 70% haircut in the deal. DCBob Feb 2012 #4

DCBob

(24,689 posts)
2. I think "slower catastrophe" is what everyone is banking on.
Sat Feb 11, 2012, 09:51 AM
Feb 2012

In the hope that will allow the catastrophe to be contained.

Fumesucker

(45,851 posts)
3. I think the efforts are focused on containing the catastrophe to the 99%..
Sat Feb 11, 2012, 10:05 AM
Feb 2012

Tebow forbid that the 1% should make any sacrifice.

DCBob

(24,689 posts)
4. Greek bond investors are slated to take about 70% haircut in the deal.
Sat Feb 11, 2012, 10:10 AM
Feb 2012

One could argue thats no big deal to billionaire investors but clearly they arent getting off scott free.

Latest Discussions»General Discussion»Papandreou and Samaras wa...