Bureau Chief, Greece & Cyprus
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Nov 7, 2011

Greek opposition says coalition must keep economic team

ATHENS (Reuters) – Greece’s conservative opposition wants to keep the outgoing socialist government’s economic team, including Finance Minister Evangelos Venizelos, in the new coalition for the sake of continuity in a time of crisis, a party official said on Monday.

The New Democracy party would support the coalition, which is due to govern until elections in February, but wanted to play no direct part in it, the official told Reuters on condition of anonymity.

Nov 7, 2011

Ex-central banker front-runner to become Greek PM

ATHENS, Nov 7 (Reuters) – A former deputy head of the
European Central Bank emerged on Monday as frontrunner to become
Greek prime minister, as party leaders bargained over who will
lead a “100 day coalition” to push through a bailout before the
nation runs out of money.

Under EU pressure, an unaccustomed spirit of compromise
seeped into Greek politics as the top parties haggled over the
jobs in a government which will run Greece only until early
elections in February.

Nov 7, 2011

prescribed coalition gives Greece short-term relief

ATHENS (Reuters) – The European Union stepped in to force Greece’s political parties into a coalition that will save the country from immediate default but the bickering that marked the negotiations bodes ill for Greece’s place in the euro zone.

The deal on the new coalition, to be fleshed out on Monday, still lacks an agreed prime minister, a duration and a clear mandate but will allow Greece to collect an international loan instalment it needs before it runs out of cash in December.

Nov 7, 2011

Analysis: EU-prescribed coalition gives Greece short-term relief

ATHENS (Reuters) – The European Union stepped in to force Greece’s political parties into a coalition that will save the country from immediate default but the bickering that marked the negotiations bodes ill for Greece’s place in the euro zone.

The deal on the new coalition, to be fleshed out on Monday, still lacks an agreed prime minister, a duration and a clear mandate but will allow Greece to collect an international loan installment it needs before it runs out of cash in December.

Nov 7, 2011

Greece seals deal on new coalition under EU pressure

ATHENS/PARIS (Reuters) – Greece’s politicians agreed on Sunday to form a unity government to approve a euro zone bailout, with Prime Minister George Papandreou due to step down to break an impasse after the EU demanded its parties join forces to avert bankruptcy.

Discussion on who would lead the new government would continue on Monday, the office of the Greek president said after the European Union gave Greece 24 hours to show how it will enact its 130 billion euro emergency funding package.

Nov 6, 2011

Newsmaker: Greece’s Papandreou, Socialist scion, felled by debt

ATHENS (Reuters) – Greek Prime Minister George Papandreou was elected as a Socialist who would lavish jobs and benefits on the poor and working class, but was brought down two years later by an economic crisis that forced him to do the opposite.

He is expected to step down soon, after the presidency announced on Sunday that his PASOK party and its conservative opponents had agreed to form a national unity government to stave off bankruptcy. One of the conservatives’ main conditions for participation has been his resignation.

Nov 6, 2011

Greece’s Papandreou, Socialist scion, felled by debt

ATHENS, Nov 6 (Reuters) – Greek Prime Minister George
Papandreou was elected as a Socialist who would lavish jobs and
benefits on the poor and working class, but was brought down two
years later by an economic crisis that forced him to do the
opposite.

He is expected to step down soon, after the presidency
announced on Sunday that his PASOK party and its conservative
opponents had agreed to form a national unity government to
stave off bankruptcy. One of the conservatives’ main conditions
for participation has been his resignation.

Nov 6, 2011

Greek parties bicker as Europe demands clarity

ATHENS (Reuters) – Greek party leaders bickered on Sunday over the formation of a crisis coalition, with the finance minister under pressure to secure rescue funding by telling his European peers within 24 hours that the nation can restore political stability.

In the hunt for an elusive national consensus, President Karolos Papoulias met the conservative opposition leader, shortly before the socialist cabinet was due to hold a special session.

Nov 6, 2011

Greek parties set for more wrangling, compromise elusive

ATHENS (Reuters) – Greek leaders were beginning a second day of talks and behind-the-scenes wrangling on Sunday to break a political deadlock that threatens to push the debt-laden nation closer to bankruptcy and out of the euro zone.

Greece’s president has appealed for cooperation to resolve the political crisis after a tumultuous week during which Prime Minister George Papandreou first announced and then ditched a plan for a referendum on a euro zone bailout package, leaving his grip on power sharply weakened.

Nov 5, 2011

Greek parties ignore appeal for rapid compromise

ATHENS, Nov 6 (Reuters) – Greece’s ruling socialists and
opposition conservatives offered rival plans for saving the
nation from bankruptcy and safeguarding its euro zone
membership, ignoring an appeal from the president to cooperate
now on tackling the mess.

For Prime Minister George Papandreou, only a coalition
government ruling for at least several months can set Greece on
the road to national salvation and secure a financial lifeline
from international lenders before the money runs out.

    • About Dina

      "Based in Athens, in charge of text, pictures and TV teams covering Greece and Cyprus since 2005. Previously based in Bucharest, in charge of Romania and Bulgaria."
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