ATHENS, Nov 8 (Reuters) – As EU and IMF inspectors held
talks in February on Greece’s failure to meet targets on
reforms, Prime Minister George Papandreou summoned his cabinet
to an urgent meeting.
The meeting was not on the deepening financial mess or on
lenders’ demand the country pony up its family silver in return
for bailout money. Instead, it was on Papandreou’s pet project
– eco-friendly development.
Unclear what exactly Papandreou and Samaras have decided other than need for a deal, they haven’t picked a PM yet #greece
According to the greek govt spokesman, a new coalition govt will be sworn in within a week if “all goes to plan” #greece
Greek PM and opposition leader agree to form a coalition govt after the EU made it clear a deal needed to be done today #greece
All lawmakers from Papandreou’s party backed him in the vote #Greece
Greek PM wins confidence vote #Greece
ATHENS (Reuters) – Whatever the outcome of Greece’s confidence vote on Friday, political instability will almost certainly keep markets guessing whether Athens will be able to ratify a 130 billion euro bailout deal in time to avoid a messy default in December.
Greece has to pay nearly 3 billion euros in bonds maturing in December with big bills falling due from December 19 onwards. Finance Minister Evengelos Venizelos told parliament on Thursday the state can meet its obligations until December 15.