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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.

Nov 5, 2011

Greek parties bicker over coalition to save the nation

ATHENS, Nov 5 (Reuters) – Prime Minister George Papandreou
launched his campaign on Saturday for a coalition to save Greece
from bankruptcy, but rival parties showed little willingness to
cooperate in tackling the nation’s economic, political and
social crisis.

Papandreou said negotiations would start soon to form a
broad-based government, tasked with ensuring parliament backs a
euro zone bailout vital to keeping Greece afloat and preventing
its crisis from bringing down much bigger economies.

Nov 5, 2011

Newsmaker: Greek finance minister brokers deal to rescue party

ATHENS (Reuters) – Finance Minister Evangelos Venizelos is starring in a Greek political drama that may see his main socialist party rival, Prime Minister George Papandreou, out of power but give his party only a short stay of execution.

Papandreou secured the support of dissident MPs calling for his resignation to win a vote of confidence by pledging to form a new coalition government that would not need to have him at the head.

Nov 5, 2011

Greek finance minister brokers deal to rescue party

ATHENS, Nov 5 (Reuters) – Finance Minister Evangelos
Venizelos is starring in a Greek political drama that may see
his main socialist party rival, Prime Minister George
Papandreou, out of power but give his party only a short stay of
execution.

Papandreou secured the support of dissident MPs calling for
his resignation to win a vote of confidence by pledging to form
a new coalition government that would not need to have him at
the head.

Nov 5, 2011

Greek PM survives confidence vote, may quit

ATHENS (Reuters) – Greek Prime Minister George Papandreou survived a parliamentary confidence vote on Saturday, avoiding snap elections which would have torpedoed Greece’s bailout deal and inflamed the euro zone’s economic crisis.

But the nation remained in political, social and economic turmoil and Papandreou signaled he would still stand down, calling for a new coalition to ram the 130 billion euro bailout deal through parliament and avoid the nation going bankrupt.

Nov 4, 2011

Newsmaker: Papandreou wins Pyrrhic victory

ATHENS (Reuters) – Third generation Greek Prime Minister George Papandreou won a confidence vote on Friday and signaled he would quit after two tumultuous years, in a dramatic move that may keep his party in power but cost him his job.

Papandreou signaled he was ready to stand down and told parliament he would go to the president on Saturday to discuss forming a broader-based government to secure a 130-billion-euro ($179 billion) bailout deal to save country from bankruptcy.

Nov 4, 2011

Papandreou wins Pyrrhic victory

ATHENS, Nov 4 (Reuters) – Third generation Greek Prime
Minister George Papandreou won a confidence vote on Friday and
signalled he would quit after two tumultuous years, in a
dramatic move that may keep his party in power but cost him his
job.

Papandreou signalled he was ready to stand down and told
parliament he would go to the president on Saturday to discuss
forming a broader-based government to secure a 130-billion-euro
($179 billion) bailout deal to save country from bankruptcy.

    • 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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