About: New Democracy

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Economy & Jobs 19-06-2012

G20 urges EU leaders to resolve euro crisis

World leaders on Monday urged Europe to resolve the current euro zone crisis that is threatening the world's economy. G20 members want the EU to act faster, after pro-bailout New Democracy's victory in Sunday's Greek election failed to calm the financial markets. President of the European Commission Jose Manuel Barroso welcomed the election result and pushed Greek leaders to form a government quickly.
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Economy & Jobs 12-06-2012

EU discuss Greek exit plans

Limiting cash withdrawals, imposing capital controls or introducing border checks. These are the 3 main measures that the EU could implement if Greece decides to leave the euro. According to the news agency Reuters, EU finance officials have been discussing a so-called "contingency plan" ahead of the Greek elections next Sunday. As political uncertainty grows in Athens, The European Commission on Tuesday insisted that there is no Plan B for Greece and they are working towards keeping Greece in the euro zone.
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Economy & Jobs 11-06-2012

Spain joins ‘the Group of Debt’

It is not a bailout, but a nearly condition-free loan. This is the message sent by the Spanish government after euro zone finance ministers agreed on Saturday to lend Madrid up to 100 billion euros for recapitalising its banks. Following weeks of denying the need for financial assistance, Spanish PM Mariano Rajoy gave in to international pressure. He requested a rescue package that he portrayed as a triumph, but which caused outrage among Spanish citizens.
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Elections 08-05-2012

Greece: uncertainty grows as biggest party can’t create coalition

As if it were the plot of a Greek tragedy, the Greek people went to the polls on Sunday to punish those leaders who run the country in "austerity" mode. Both socialist PASOK and centre-right New democracy failed to get enough votes, although New Democracy emerged as the biggest party. But the center-right leader Antonis Samaras couldn't put together a coalition on Monday.