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G20 Has Limited Success

The G20 have met in Cannes in hope of providing strong leadership in the troubled times the world currently faces. The G20 is made up of the 20 most powerful nations in the world, including powerful developing nations such as Brazil and India. The leaders of the set countries spend a huge amount of time exercising their diplomatic muscles in the hope that an […]

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Greece Faces its Darkest Hour

As the night comes in Athens the rumours continue on the imminent departure of PM, George Papandreou. A combination of international and domestic pressures have put a huge amount of stress on the office of the PM. At home, members of the government are furious that he is risking Greece’s membership not just of the euro zone […]

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Greek PM to Resign in Next Half an Hour

The BBC are reporting that Greek PM, George Papandreou, is to offer his resignation in the next half an hour. The announcement is expected to come after an emergency cabinet meeting. The under fire PM will then meet Greek President, Karolos Papoulias, to formally announce his resignation. Papandreou has been under heavy criticism since announcing there […]

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World Economy Rests in the Hands of the Upcoming Greek Referendum

The Prime Minister of Greece, George Papandreou, has today announced that he will hold a national referendum on whether or not Greece will accept the new EU bail out package. Although this isn’t a new trick for politicians, former British prime minister Harold Wilson did just that in 1975. The benefit for Greece’s Prime Minister is that he is isn’t responsible for the outcome of the vote, Greece’s population is as a whole. […]

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