Lucas Papademos

Former FinMin G. Hardouvelis accounts put under microscope

Former finance minister Gikas Hardouvelis of the conservative New Democracy  party is the latest in a line of Greek lawmakers being examined by the parliamentary committee responsible for auditing MPs’ wealth declarations. His wealth statement has been refered to Justice for further examination, parliamentary sources said on Tuesday.

The Avramopoulos factor in the conservative ND party

EU Migration, Home Affairs and Citizenship Commissioner Dimitris Avramopoulos may have resigned as deputy prime minister of the conservative New Democracy (ND) party but he is still keeping a watch on his party's developments. Despite his post in Brussels he believes that it is only a matter of time befoe a "government of national reconstruction" is created.

Lessons not learnt

The crisis did not come without warning. Former Premier Costas Karamanlis knew serious fiscal measures were needed in spring 2009 to avoid bankruptcy but failed to act due to electoral concerns. George Papandreou refused Karamanlis’s offer to reach a consensus in March 2009, triggering snap elections.

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