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Gov’t Seeks Political Solution, October Would Be Critical

Greek ministers turned up droopy at the cabinet meeting on Thursday, and the left with even more question as the discussion did not focus on the country’s course.
A top minister told Capital that Greek FinMin Evangelos Venizelos was asked to clarify what he meant by saying “the agreement of July 21 either would be guaranteed as it is or we would seek something better”. But his response was far from enlightening, said the minister.
Thus, political scenarios have grown, already fuelled by the debate on a referendum. The majority of government officials oppose to early elections, while few favour a referendum.
Most of the lawmakers support a major policy initiative for concession on common positions, targeting Greek opposition. But several officials believe that inevitably Greece would have an emergency government without polls.
The final solution, reliable sources note, would depend on the decision on Greek debt at an extraordinary EU Summit on October 18.
If the debt rollover program goes smoothly and on a voluntary basis (up to 30%), then the development would appear as positive. In that case, sources add, the government would hold, provided that the compensation would not be tough.
In case of a credit event, then political development would be rapid.
(source: capital)

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