Tue, Oct 06, 2009 - Page 6 News List

Papandreou trounces conservatives in Greece

PARLIAMENTARY VICTORY The Panhellenic Socialist Movement will return to power after five years in opposition with 160 seats in the 300-seat parliament

AP , ATHENS

The public debt is set to surpass 100 percent of GDP while unemployment rose to 8.6 percent in June.

Livanios said Papandreou’s idea of stimulating the economy as a way out of the crisis could work.

“It remains to be seen now how effectively PASOK’s plan will be applied. But I do believe there’s a credible plan that focuses on reinvigorating the small entrepreneur, on putting a better order in the taxation system,” he said.

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