Archive for June, 2012

Greek June Elections 2012: Samaras Struggles to Form A Coalition Gov’t

June 18, 2012

June 17 elections winner Antonis Samaras, leader of conservative Nea Dimocratia, struggles to form a coalition government. On Monday, he held talks with SYRIZA’s Alexis Tsipras and PASOK’s Venizelos but so far things do not seem bright.

Tsipras turned down his offer chosing to be in the opposition of a pro-bailout government.

Venizelos made a contra proposal to Samaras, offering a ND-PASOK-DEMOCRATIC LEFT government with the participation of SYRIZA.

Furthermore, Venizelos urged Samaras to drop the mandate and directly go to the next constitutional level of forming a government: a meeting of the council of all political leaders under the auspices of the President with the goal to form a broader government. In such case, President Papoulias makes the negotiations. A government emerging from such a procedures operates with a Prime Minister, a third person of common acceptance.

Something that Samaras cannot accept. At least not now.

ND-leader had also a meeting with Panos Kammenos, a former ND-MP who leads his own party INDEPENDENT GREEKS.

Kammenos refused to join a coalition for two reasons: He doesn’t want Samaras as PM and he wants assurances the country won’t go bankrupt with the Memorandum of Understanding.

 After the meeting Kammenos said: “I asked if Samaras could promise that we would not go bankrupt while the memorandum was in effect. He couldn’t do it.” He also said , he asked for an “ecumenical government with PM a person of common acceptance” but Samaras did not accept because he wanted to the Prime Minister as leader of the party that won the elections.

Samaras is scheduled to meet with DEMOCRATIC LEFT leader Fotis Kouvelis at 8.30 tonight.


Greece’s Bankers Smile as Customers Cancel Cash Withdrawal Orders

June 18, 2012

Smiles returned to the faces of bankers when customers started to call and cancel withdrawal orders from their bank deposits. And thus in the first hours after the branches opened on Monday after the June 17 elections.

According to an exclusive story by Proto Thema,  five managers working at the branches of large banks confirmed that between 8 am and 1 pm several customers had cancelled the orders they had given last Thursday and Friday. 

“Calmness has returned. The phone rings only for cash withdrawal cancellation,” the director of a major bank told ProtoThema under conditions of anonymity.

The same atmosphere is spread among foreign banks with a strong presence in London that have been opening dozens of bank accounts on a daily basis in the British capital.

 “Some customers who were about to transfer money abroad canceled their plans until further orders. The money stays in Greece” a bank manager said.

Over the past two months this bank branch had opened more than 3,000 bank accounts in London for amounts  € 100,000 and above.
The question now is whether the money sent abroad will return and when.

It is estimated that more than 30 billion euro have left Greece for banks in Switzerland, Great Britain, Cyprus, Germany, Malta and other eurozone member countries.  

 “This money is expected to need longer to return to Greece, one should not expect it would return in the next three months,” bankers told ProtoThema.  The political situation needs to stabilize first…

Greece’s Caretaker PM Submits Resignation, President Asks Him to Stay in Office

June 18, 2012

Greece’s caretaker Prime Minister Panagiotis Pikrammenos submitted his resignation to President Karolos Papoulias after the elections ended in a clear winner. However Papoulias did not accept Pikrammenos’s resignation and asked him to stay in office until a new government is formed.

“I cannot accept it” Papoulias told Pikrammenos in front of dozens of reporters and cameras.

Panagiotis Pikrammenos was appointed Greece’s caretaker Prime Minister with the goal to lead the country to repeat elections after political leaders failed to form a coalition government after May 6 elections.

Tsipras Rejects Samaras Coalition Gov Offer, Will Turn Down Mandate to Form Gov

June 18, 2012

Alexis Tsipras, leader of left-wing SYRIZA that emerged second at the Sunday elections, rejected the offer of winner Antonis Samaras to participate in a coalition government.

After the meeting with Samaras, Tsipras told reporters that ND offered Greeks voters a different strategy than the one offered by SYRIZA. Therefore it is not possible to support a ND-led government.

 “SYRIZA will have the role of a strong opposition party that controls the government,” Tsipras declared.

At the same time he stressed, that should Samaras fail in his mandate and the President gives the mandate of government formation to Tsipras, SYRIZA will not accept it. “We will not undertake exploratory talks,” Tsipras stated.

From a clearly defined opposition role, Tsipras urged Samaras to form a government as soon as possible.

Greek Elections 2012 – Samaras: “National Salvation Gov” and “Loan Agreement Modifications”

June 18, 2012

Antonis Samaras, leader of Greek elections winner Nea Dimocratia received at Monday noon the mandate to form the new Greek government. As he did not achieve the absolute majority, he is bound to form a coalition government.

During his meeting with President Karolos Papoulias, Samaras said that his target is a “national salvation government” composed of parties with European orientation and that the loan agreement needed necessary modifications.

Samaras: ” I will immediately get at forming a national salvation government of long duration, together with the political parties that believe in the European orientation of the country, in the euro and that believe that while keeping our commitments at the same time  necessary modifications of the [MoU/austerity] programme must take place so that the Greek people escape from the torturing daily reality of unemployment and the incredible great difficulties every Greek family suffers.”

Samaras outlined further priorities of the new government such as “the social cohesion” in terms of economy and security.

After the meeting with Tsipras, Samaras said that he will ask “growth measures” from Greece’ lenders.

Samaras: “We abide by the agreement and also ask the obvious, that such policies will exist which the development will give the right to breath and to hope to millions of Greeks.”

In the context of exploratory talks to form a government, Antonis Samaras is scheduled to meet Alexis Tsipras (SYRIZA) at 2 p.m., Evangelos Venizelos (PASOK) at 6 p.m. and Panos Kammenos (INDEPGREEKS) at 7 p.m. on Monday.

SYRIZA has been rejecting so far the participation in a pro-bailout government with ND-PASOK. 

Greek media consider as most likely a ND-PASOK-DEMOCRATIC LEFT government. However no appointment with DEMLEFT-leader Fotis Kouvelis has been announced yet by Samaras.  


According to Greek Constitution, Samaras has three days to conclude the exploratory talks. If he fails to form a government, he would have to return the mandate.

Then the President will hand it out to Alexis Tsipras as SYRIZA emerges second party. If he also fails to form a government within 3 days, Evangelos Venizelos (PASOK) will receive the mandate.

If the leaders of the three parties prove unsuccessful to form a government, the President calls the leaders of all parties and try to form a broader government.

Greek June Elections: Older Generations Voted ND, Younger SYRIZA

June 18, 2012

Greece’s voters demonstrated a “generations’ gap” concerning their voting behaviour. According to the findings of Sunday’s exit polls:

Nea Dimocratia received almost double votes by voters older than 55 years old.

SYRIZA prevails in age groups 18-54 years old.

ND received 20% in 18-34 age group, 24% in 35-54 and skyrocketed to 39% in 55+.

SYRIZA received 33% in 18-34 age group, 34% in 35-54 and fell down to 20% in 55+.



Greek June Elections 2012: Results 99.95% Votes Counted

June 18, 2012

With 99.95% of the votes counted, Elections results and seats distributions are as follows:

1. ND 29.66%  129

2. SYRIZA 26.89%  71

3. PASOK 12.28%  33



6. DEMOCRATIC LEFT 6.26%  17

7. KKE 4.5%  12

ND-leader Antonis Samaras will visit the President Karolos Papoulias on Monday at 12:30 noon to receive the mandate to form a government.

As ND does not have the necessary 151-seats for an absolute majority government in a parliament of 300, a coalition is imminent.

On Sunday night, SYRIZA and Alexis Tsipras said they will keep the post of main opposition party.

PASOK’s first reaction to results was “no coalition government without SYRIZA”. However, later it softened its tone saying a ND-PASOK-DEMLEFT gov possible.

Nevertheless due to phone calls by German Chancellor Angela Merkel and French President Francois Hollande to Samars and Venizelos.

As Greece has no time for political games with its lenders threatening with financial aid stop, do not be surprise to see a new government being formed even on Monday night.

As my “crystal ball” showed yesterday,  a ND-PASOK-DEMLEFT coalition is 98% possible.

PASOK has said that it would not have its officials to hold government posts.

This maybe force Samaras to form a government with the participation of technocrats as well.

It is a political tradition that in case of a two- or three party coalition government, the Prime Minister office is occupied by a third person of a common consent. However Antonis Samaras is adamant to keep the post.

PS at the very end we end up with the same government -more or less…

*** Keep Tuned with KeepTalkingGreece in wordpress, until the server problem is solved and we all happily move again to !

Greek June Elections 2012: 90% of Votes counted…

June 17, 2012

According to official Singular Logic:

ND 29.83%  120 seats

SYRIZA 26.78% 71

PASOk 12.40% 33


CHRYSI AVGI 6.90% 18


KKE 4.52% 12

My crystal ball hints on  ND-PASOK-DEMLEFT coalition government…

Friday, June 22: Greece vs Germany EURO2012: it’s more than Football 🙂


Greek June 17 Elections: EXIT POLLS ND 27.5-30%, SYRIZA 27-30%

June 17, 2012

Neck to Neck!  Exit Polls released at 7 pm. Very unclear as concerned to percentage!

1. ND 27.5% – 30.5%

2. SYRIZA 27% – 30%

3. PASOK  10% -12%


5.CHRYSI AVGI  6% – 7%

6. DEMOCRATIC LEFT  5.5% -6.5%

7. KKE  5% -6%

No other party manages to pass 3% threshold.


In comparison to May 6 elections:

ND winds in percentage but does not manage to achieve absolute majority.

SYRIZA breaks its own historical record. 4% eight months ago, and 17% on May 6.

PASOK and INDEP GREEKS rates decreased

CHRYSI AVGI emerges to 5th party.

Historic low for KKE.

According to Grek media, the winner will be known at appoximately 10 p.m.

Server hosting currently down – too many visitors at once lol

We’ll do our live blogging directly from Athens in until problems are solved. Thank you for your understanding.

%d bloggers like this: