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In the wake of the Coalition of the Radical Left’s refusal to participate in a government alongside the right-wing New Democracy party, the socialist PASOK movement and the Democratic Left, fresh elections now appear inevitable.
SYRIZA on the brink – Ta Nea
If last-minute talks on the formation of a government undertaken by Greek President Karolos Papoulias fail to produce results, Greeks will return to the polls. The EU and the IMF are hoping they will choose traditional parties, but do not wish to exert pressure for fear that such a move will enhance the score of the radical left, which is hostile to austerity policies.
Wild scenario threatens Athens – De Volkskrant
Angela Merkel and François Hollande are set to have their first face-to-face talks in Berlin after Eurozone finance ministers meet in Brussels on Monday 14 May.
EU leaders set for showdown on fate of euro – The Guardian
Angela Merkel’s Christian-Democratic CDU was dealt a severe blow (-8.3% and only 67 seats) on the occasion of regional elections in North Rhine-Westphalia. The state parliament’s outgoing coalition between Social Democrats and Greens won an absolute majority, with 128 seats in the 237-seat assembly. At the same time, the Pirate Party made its first gains in the region, winning 20 seats, mainly from Die Linke which will no longer be represented in the parliament.
North Rhine-Westphalia elections: debacle for the CDU, and clear victory for SPD – Süddeutsche Zeitung
At today’s Eurogroup meeting, Europe’s finance ministers are expected to commend Portugal and Ireland for their “successful application” of the EU-IMF-ECB troika programmes, implemented within the framework of their respective bailouts, now that “positive signs” have been observed in the economies of both countries.
Brussels now optimistic on Portuguese economy – Diário económico
On 12 May, approximately 30,000 people turned out to attend a demonstration to celebrate the first anniversary of the Indignados movement in Madrid. However, only 2,500 participated in a protest against arrests which took place when police successfully prevented activists from setting up a camp similar to the one organised by the movement last year.
15M movement wanes in the wake of evacuation – El País
The MOL Hungarian Oil and Gas Company is preparing to abandon the European Commission supported Nabucco pipeline project, opting instead to participate in the competing South-East Europe Pipeline proposed by BP. Hungary is one of the countries on the route to be traversed by Nabucco, which is set to link the Caucasus to Vienna.
MOL to switch pipelines – Népszabadság
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