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Re: G3/B3* - GREECE - Papa speech: rejects snap elections, doesn't resign and still defends referendum

Released on 2012-02-29 18:00 GMT

Email-ID 1026833
Date 2011-11-05 01:03:38
But the original point is that he maintains the referendum was a good
idea... for him. No contest on it being irrelevant at this point.

Sent from my iPhone
On Nov 4, 2011, at 19:01, Marc Lanthemann

I don't think the referendum idea came from extraneous forces but was a
misguided attempt to discharge responsibility. As you said, the
pressures on P are EU and domestic, the referendum came from neither.
Therefore, id there is one thing he knows he will do it's NOT having a

Sent from my iPhone
On Nov 4, 2011, at 18:56, "George Friedman"

He doesn't know what he will do. He is riding the tiger caught between
the eu leadership and the public. Pay no attention to what he wants
and pay attention to the forces on him. We've seen him whirling like a
dervish for days.

Sent via BlackBerry by AT&T


From: Marc Lanthemann
Date: Fri, 4 Nov 2011 18:43:56 -0500 (CDT)
To: Analyst List
ReplyTo: Analyst List
Subject: Re: G3/B3* - GREECE - Papa speech: rejects snap elections,
doesn't resign and still defends referendum
If Peter meant that Papa still thinks the referendum was the best idea
I agree with him. If he means papa is still thinking of doing it in
the future I'm with Kristen.
Sent from my iPhone
On Nov 4, 2011, at 17:58, Kristen Cooper

I don't think that is what he said. He spent most the time
explaining why he called it in the first place but not still having

Kristen Cooper
On Nov 4, 2011, at 18:53, Peter Zeihan wrote:

I mean papa is still saying that's his plan

On Nov 4, 2011, at 5:41 PM, Kristen Cooper

I really don't think the referendum is still on. He gave that up
awhile ago. There is NO way he would win a confidence vote if
people thought he was still going to call a referendum
On Nov 4, 2011, at 6:23 PM, Peter Zeihan wrote:

Still on the referendum
On Nov 4, 2011, at 5:10 PM, Marc Lanthemann

nothing exciting or historic

21.58 Papandreou closes his speech, rejecting talk of snap

We need to be level-headed. We are managing a crisis. We
need to strengthen democratic institutions or we will wound
democracy. We must be organised and Greece must be governed
without interuption. We require level-headedness, not
frenzy. Political parties which are going to be
collaborating cannot be a government on a status quo that is

What i want is to operate for today and tomorrow but not for
yesterday. Let's go for the citizens of Greece, for a
country that can be proud and dignified. I want to remind
foreign leaders that they should have belief in the Greek
people. This country is made of hard stuff and the country
does what it is meant to do.

I ask for a vote of confidence so our country has a
government to take necessary steps of security over the next
few months. The country supercedes all of us. United, we can
go forward.

21.43 More humble talk from Mr Papandreou:
I did not see politics as profession. I can contribute to
general good. When I am under criticism i want to send a
clear message, I hope my actions can bring about a different
culture in political life of the country and media and

21.41 He opens the door for a coalition government to be

21.40 Mr Papandreou insists he is not "clinging to power".
He says he is not interested in that. The floor claps.

21.37 More from Mr Papandreou:

I broke a taboo with the referendum [...] Going against the
norm was for the benefit of Greece. We do have differences,
but we also see priorities of countries and these can best
be served with collaborations.
A transitional government would mean catastrophe. This
should not happen. Snap elections would mean the bail-out
would be up in the air.

21.35 He says early elections would be a "catastrophe".

21.29 Mr Papandreou continues:
It is in the interest of the Greek nation, this bailout. I
am curious how all oppositions oppose this. What did they
fear? Rejection by greek people of bailout?
[The referendum] was a democratic decision which shook the
But we the Greek nation exists which finally must decide.
Many on the right and on the left said we were bothering our
partners, and therefore there was hypocracy abound.
[So] yes financial markets exist, but first of all people

21.17 Mr Papandreou asks Parliament for greater
collaboration and cooperation. He says:
The bailout allows us to write-off a large part of our debt
in the next few months [it] permits us to give the energy to
build a Greece of growth.

Greek people, There is no problem with your deposits in the
banks because of the bailout. They are even more guaranteed
with us in the eurozone.

[...] This bailout is tremendous opportunity to rebuild
country on new foundations.

Papandreou steps up to address the Greek parliament on
Fridsy (Photo: AP)

21.12 There are shades of the British Commons as George
Papandreou finally takes the mic. He blames the previous
government for multiplying the debt and the a**tragic
mistakesa** that have been made. He adds:
We are living through a new trial, and some of us wish to
forget what has happened in the past.

Marc Lanthemann
Watch Officer
+1 609-865-5782