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Greek premier stands down from new unity government as Athens bows to EU pressure

Posted By admin On November 7, 2011 @ 3:39 am In World News | Comments Disabled

UK Daily Mail [1]
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.

Full article here [1]

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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/news/article-2058191/Eurozone-crisis-Greek-PM-George-Papandreou-stands-unity-government.html

[2] Greek President (And Nazi Resistance Fighter) Lashes Out At “German Boot” For Pushing Country To The Brink: http://www.prisonplanet.com/greek-president-and-nazi-resistance-fighter-lashes-out-at-german-boot-for-pushing-country-to-the-brink.html

[3] Germany Snubs Greek Aid Plea as Protest Snarls Athens Traffic: http://www.prisonplanet.com/germany-snubs-greek-aid-plea-as-protest-snarls-athens-traffic.html

[4] Greek left attacks ‘barbarous’ austerity: http://www.prisonplanet.com/greek-left-attacks-%e2%80%98barbarous%e2%80%99-austerity.html

[5] Greek PM sees country in “Great Depression”: http://www.prisonplanet.com/greek-pm-sees-country-in-great-depression.html

[6] REPORT: Greek Bailout Referendum Has Been Scrapped: http://www.prisonplanet.com/report-greek-bailout-referendum-has-been-scrapped.html

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