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Monday 7 November 2011

REUTERS -Greece seals sketchy coalition deal, Nov 07, 2011

Greek Prime Minister George Papandreou arrives at an emergency cabinet meeting in the Greek parliament in Athens November 6, 2011. REUTERS-Yannis Behrakis

 "By Lefteris Papadimas and Harry Papachristou
ATHENS | Sun Nov 6, 2011 11:39pm EST
(Reuters) - Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems.
With Greece due to run out of money in a few weeks, the European Union told its bickering parties to explain by Monday evening how they would form a unity government to enact the 130 billion euro ($179 billion) emergency funding package.
Papandreou, who sealed his fate last week with a disastrous attempt to call a referendum on the bailout, will stand down when the new government takes over, the office of the Greek president said."

     

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