Democratic deficit as eurozone battles Italy’s debt woes
It’s not very democratic, but “pooled sovereignty” is the order of the day as eurozone leaders wrestle to contain the Italian debt crisis. Political editor Gary Gibbon reports.
It’s not very democratic, but “pooled sovereignty” is the order of the day as eurozone leaders wrestle to contain the Italian debt crisis. Political editor Gary Gibbon reports.
Extraordinary day, and it’s not over yet. Economics editor Faisal Islam reports from Athens.
As we stand here there is a Cabinet meeting happening inside the Greek Parliament. Papandreou looks unlikely to survive it. Economics Editor Faisal Islam reports from Athens.
The die appears cast: somehow the Greek people are going to get a say on all this – either through a referendum or an election – and they will pronounce on whether they want to live more like the Germans or not.
Never mind a referendum – a general election could be on the cards for Greece if the Greek prime minister fails to win a majority on Friday’s vote. A situation which looks increasingly likely.