The Myth of Greek Democracy?
Renee Maltezou and Lefteris Papadimas of Reuters report, Greece faces early election after PM loses vote on president : Greece heads to an early general election next month after parliament rejected Prime Minister Antonis Samaras's nominee for president on Monday, throwing the country into a new period of political turmoil just as it emerges from economic crisis. Greek 10-year bond yields surged to a 15-month high and stocks tumbled after former European Commissioner Stavros Dimas fell short of the 180 votes needed to become president in the decisive third round of voting, triggering the dissolution of parliament. Samaras set Jan. 25 as the date for a parliamentary election. Opinion polls point to a victory by the radical leftist Syriza party, which wants to wipe out a big part of the national debt, and cancel the austerity terms of a 240-billion euro ($290 billion) bailout from the European Union and International Monetary Fund that Greece still needs to pay its bills