Empowering Egypt's economy: IFC, World Bank spearhead private sector growth, development initiatives    QatarEnergy acquires stake in 2 Egyptian offshore gas exploration blocks    Al-Sisi inaugurates restored Sayyida Zainab Mosque, reveals plan to develop historic mosques    Shell Egypt hosts discovery session for university students to fuel participation in Shell Eco-marathon 2025    Chad faces growing food insecurity crisis amidst multiple challenges, UN warns    Germany's Lilium, Swiss firm expand to France    UNICEF calls for increased child-focused climate investments in drought-stricken Zimbabwe    S. Korea plans $7.3b support package for chip industry – FinMin    WHO warns of foodborne disease risk in Kenya amidst flooding    Egypt's CBE offers EGP 60b in T-bills on Sunday    CBE sets new security protocols for ATM replenishment, money transport services    EGP slips against USD in early Sunday trade    SoftBank's Arm to develop AI chips by 2025    Hurghada ranks third in TripAdvisor's Nature Destinations – World    Elevated blood sugar levels at gestational diabetes onset may pose risks to mothers, infants    President Al-Sisi hosts leader of Indian Bohra community    China in advanced talks to join Digital Economy Partnership Agreement    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Judge to lead Greece to fateful June 17 vote
Published in The Egyptian Gazette on 16 - 05 - 2012

ATHENS - Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits.
European leaders who once denied vociferously that they were fretting over Greece leaving their currency union have given up pretence. Asked if he was concerned about a Greek exit, European Central Bank chief Mario Draghi said simply: "No comment".
Greeks have been withdrawing hundreds of millions of euros (dollars) from banks in recent days as the prospect of the country being forced out of the European Union's common currency zone seems ever more real - although there has so far been no sign of a run on bank branches in Athens.
Political leaders failed to form a government following an inconclusive parliamentary election on May 6, leaving the state with its coffers almost empty and no elected cabinet in place to satisfy lenders it deserves the money needed to stay afloat.
President Karolos Papoulias, whose powers as head of state are limited, named supreme administrative court head Panagiotis Pikrammenos as caretaker prime minister. He will have no power to take political decisions, only to carry Greece into the vote.
The parliament that was elected on May 6 will convene on Thursday and be immediately dissolved, a presidency source said.
The interim leader is little known outside legal circles. State television said he was born in 1945 in Patras, western Greece and studied law in Athens and Paris. A court source said he would name a cabinet that would be as small as possible.
"Thank you for your trust, and I believe that I am worthy of this mission," Pikrammenos said at a meeting with the president. "This is purely a caretaker government. However, it escapes no one that our country is going through difficult times."
He repeated a joke he said he had read in the press, that his own name, which translates to "embittered" in English, made him suited to be the last prime minister of a political era.


Clic here to read the story from its source.