UK Daily Mail
November 7, 2011
Athens gave in to EU demands to instal a coalition government of ‘national salvation’ last night as uncertainty in debt-stricken Greece and Italy threatened fresh turmoil on financial markets.
Greece’s opposition had offered to form a national unity administration that would push through a controversial bailout – if prime minister George Papandreou stood aside.
Talks between Mr Papandreou, opposition leader Antonis Samaras and president Karolos Papoulias ended with an outline agreement on the formation of a coalition, with Mr Papandreou standing down
Further discussions are due to take place today to choose his successor. Front-runner Loukas Papademos comes with the Brussels seal of approval – as a former vice president of the European Central Bank.
This article was posted: Monday, November 7, 2011 at 3:39 am