Crisis-Stricken Greece to Hold Snap Elections after Apr 15

Politics » BULGARIA IN EU | March 11, 2012, Sunday // 12:54
Bulgaria: Crisis-Stricken Greece to Hold Snap Elections after Apr 15 Leaders of the 3 parties backing Lucas Papademos` (2-R) interim govt - PASOK's George Papandreou (R), New Democracy's Antonis Samaras (2 L) and Popular Orthodox Rally (LAOS) leader George Karatzaferis. EPA/BGNES

Greece will convene early parliamentary elections soon after April 15, announced Greek rightist party "New Democracy" leader Antonis Samaras.

"Elections will be held right after Easter," said Samaras during a party meeting. The Christian Orthodox Easter in 2012 is on April 15.

Currently, Greece is being governed by an interim coaliation cabinet headed by PM Lucas Papademos, after the resignation of leftist PASOK PM George Papandreou.

The Papademos cabinet was the one to negotiate the second, EUR 130 B rescue plan to save the Greek economy, which has been hit by a massive debt crisis.

Over the passing week, Greece also convinced private bondholders to a debt swap, which resulted in a write-off of more than 50% of debt.

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Tags: GREeece, rescue plan, Antonis Samaras, George Papandreou, debt swap, Lucas Papademos, elections
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