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Local Elections Run-off

Following the second round of local elections yesterday, the ruling PASOK party won the majority of regional governorships (8 to 5).
In municipal elections and -despite a high abstention rate- there was a change of leadership in the three major cities.
In Athens, Giorgos Kaminis, the former Ombudsman, won the mayorship, with the support of Pasok, after defeating the incumbent New Democracy (ND) mayor, Nikitas Kaklamanis.
In Thessaloniki, Greece’s second largest city, the independent Yiannis Boutaris, supported by Pasok, defeated ND-backed candidate Costas Gioulekas, while in Pireus, Vassilis Michaloliakos, supported by ND defeated Pasok candidate Yiannis Michas.
Commenting on the results, Prime Minister George Papandreou said that the citizens “rejected the sirens of destabilisation and gave the government a clear three years of work to enable it to continue the effort for the country’s salvation and recovery.”
The premier also called on all political parties to “assume responsibility” and work together with the aim of saving the country. Main opposition New Democracy (ND) party leader Antonis Samaras said that “the second round confirmed the political conclusions of the first Sunday” and gave the opportunity to his party to emerge “renewed, strong and responsible.”
For more information: Ministry of Interior, Decentralization and E-Government: Regional & Municipal Elections 2010 Results (in Greek); Kathimerini Daily: Pasok gets regional upper hand; YouTube: PM’s nationwide televised press statement (in Greek)
(GREEK NEWS AGENDA)

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The “Economist” Conference

(GREEK NEWS AGENDA) A much timely “Economist” Conference was addressed yesterday by the country’s leadership and experts from the financial and business world.

Taking the floor, Finance Minister George Papaconstantinou availed himself of the opportunity to note that Greece’s fiscal problems are also an issue for the entire eurozone and marked that a spill-over effect will not leave other eurozone countries unaffected, especially those which are as vulnerable as Greece.
The remarks were reported one day before the European Commission announces its recommendations on the country’s stability programme , which is most likely to receive European approval.   

» “Deficit Fetishism is a Mistake”
Addressing the Conference (Discussion and Debate with Joseph Stiglitz on the World Economy 2010), Nobel Economics Laureate 2001, former Senior Vice President of the World Bank, and Professor at Columbia University Joseph Stiglitz, dismissed fears that Greece will go bankrupt, adding that, when struggling with recession, governments ought to be careful with their rectifying measures.
“Cutting deficits in the wrong way can be counterproductive.”
Kathimerini daily: Greek woes are a eurozone issue