Monday, October 5, 2009

Socialists win in Greece; 'hard work' ahead, Papandreou says

Greece's opposition Socialist party on Sunday defeated the incumbent center-right government of Prime Minister Kostas Karamanlis, as Socialist leader George Papandreou promised to chart a new course for an economic comeback. Papandreou's belief for rebuilding the economy won over his democratic opponent, who wanted to cut spending, as Papandreou wants to propose an economic stimulus package. However, there are arguments over where will the money come to fund this stimilus.

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