Greek government hit by fresh resignation
The Associated Press
Posted: Jun 26, 2012 12:51 PM ET
Last Updated: Jun 26, 2012 1:15 PM ET
Giorgos Vernicos resigned as the Greek Deputy Minister for Merchant Marine on Tuesday. (Kostas Tsironis/Associated Press)
Related
A second Greek Cabinet member has resigned in two days, the latest casualty for the financially struggling country's new conservative-led government.
Giorgos Vernicos, deputy minister for Greece's merchant marine ministry, announced his resignation Tuesday and it was accepted by the government.
He did not immediately give a reason for his departure. But the main opposition Syriza party had accused him of maintaining an offshore company in what appeared to be a conflict of interest for a member of government.
On Monday, the designated finance minister resigned due to illness. And new Prime Minister Antonis Samaras himself is recovering from a weekend eye operation and will be unable to attend a European Union leaders' summit later this week.
Greece is surviving on rescue loans from other EU countries and the International Monetary Fund. The new government wants to ease harsh austerity imposed by the emergency lenders as the country struggles through a fifth year of recession.
Also Tuesday, prominent economist Yannis Stournaras was named as the new finance minister. Stournaras, 55, was involved in the country's negotiations to join the euro.
He is currently the head of the Foundation for Economic and Industrial Research, a think tank and research body that advises the government. A professor of economics at the University of Athens, Stournaras spent several years heading the Finance Ministry's Council of Economic Advisors.
"I do think we have the ability to get past this problem. But we must be realistic," Stournaras said about Greece's financial crisis during a book presentation shortly before his appointment was announced.
"We have a difficult road ahead of us, an uphill road," he said. "But Greece is a country with great potential."
Share Tools
Top News Headlines
- How was the Mike Duffy report 'whitewashed?'
- Opposition parties pushed the government on Thursday to answer questions about the "whitewashed" Duffy report while the RCMP is also seeking more information from the Senate as part of its review of questionable expenses. more »
- 2nd suspect in Tim Bosma murder case to plead not guilty
- The lawyer for Mark Smich says the Oakville, Ont., resident will plead not guilty to first-degree murder in the death of Tim Bosma, the Hamilton man who disappeared earlier this month after taking two men on a test drive of his truck. more »
- SNC-Lavalin letter says Gadhafi son offered VP post: RCMP
- SNC-Lavalin's ties to Libya's former dictatorship ran so deep the company offered the son of Moammar Gadhafi a six-figure job as a vice president in 2008, according to a newly unsealed RCMP affidavit. more »
- Canada Post campaigns against 'no flyers' mailbox signs
- Canada Post has been mailing more than 900,000 letters across the country to people to try to convince them to remove "no flyer" signs from their mailboxes. more »
Must Watch
Latest World News Headlines
- What happens when a virus becomes a commodity
- There are still conflicts over sharing viruses, an international law professor says. more »
- 2 more arrests linked to hacking death of British soldier
- WARNING: This story contains graphic content. Two more people have been arrested by officers investigating the hacking death of a U.K. soldier in London, say British police. more »
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- Atlantic hurricane season forecast to be busy
- The U.S. National Oceanic and Atmospheric Administration is predicting is busier than average Atlantic hurricane season with up to 20 named storms, including as many as six major hurricanes. more »
The National
The Current
- Politics in the Classroom May. 23, 2013 5:06 PM We visit a place where the rhymes of Dr. Seuss are thought too politically shrill to be heard in a classroom in British Columbia.
- 2nd suspect in Tim Bosma murder case to plead not guilty
- Toronto Mayor Rob Ford fires chief of staff
- 2 more arrests linked to hacking death of British soldier
- How was the Mike Duffy report 'whitewashed?'
- Chained-teen's mom wants man who pleaded guilty 'to suffer'
- Vancouver man abandons Porsche on B.C. ferry
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- B.C. teen saves pet dog in 'terrifying' cougar attack
- Mike Duffy's primary home not P.E.I., unedited Senate report says

