Greek prime minster announces national elections for October

Show me the money, originally uploaded by Teacher Dude's BBQ.

After weeks of speculation over when the next general elections will take place, Kostas Karamanlis finally announced that the country will go to the polls in October.

This means that they economy really is in dire straits as no sane person would call for elections just weeks after devastating fires and with the ruling New Democracy party mired in a series of corruption scandals, Obviously, the PM thought that it is better to bite the bullet now rather than wait till next year when who knows what terrible economic news is going to come to light.