dinsdag 20 maart 2012

Politics of Greece - week 6 - Roselinde Vandepitte

Hi everyone,

Greece is very beautiful as Julie described it. There is a lot to visit, for example ancient monuments, but I actually don’t know anything about the politics of this country.

The first day, I bought a travel guide to look up some information about this country. It seemed that Greece is a presidential parliamentary republic, belongs to the NAVO and is a part of the EU. The Greek government is similar to the model that you can find in many Western democracies. The president is elected by the parliament for a 5-year term and other members of the parliament are elected for a 4-year term.

Greece is divided into 51 prefectures and each prefecture in led by a prefect who is elected by popular vote. Greece has also 13 regional administrative districts.

We visited the Parliament of Greece. A guide told us a lot about the politics in this country. The President of Greece is Karolos Papoulias. He is president since 12 March 2005. Greece has also a Prime Minister. First it was Papandreou who was Prime Minister, but he has long been criticized in Greece for his handling of the country's financial crisis. He has resigned from his title and now Lucas Papademos has been designated Prime Minister in pending the elections since 11 November 2011. It was necessary because Greece had to form a new government to avoid bankruptcy and schedule new elections.

On February 21, the European ministers of Finance have reached an agreement about a bailout of 130 billion euros. The Euro countries did agree that Greece will pay a lower interest rate on the loans. Expressed in net present value, the banks don’t have to pay 73-74 percent of their claim. Without this additional concession, the government had to put more money on the table. There has been much more decided but first we had to take a lunch pause. We went to a cozy restaurant and chattered a bit about little things.

Have a nice day!

Roselinde

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