Bureau Chief, Greece & Cyprus
Dina's Feed
Nov 4, 2011

Exclusive: Greek finance minister to forge coalition -sources

ATHENS (Reuters) – Greek Prime Minister George Papandreou has struck a deal to stand down and let Finance Minister Evangelos Venizelos form a coalition government aiming to win parliamentary approval for Greece’s latest bailout, sources close to the deal told Reuters on Friday.

They said Venizelos had won the backing of leaders of some smaller parties to support the coalition, which would also aim to avert an immediate Greek bankruptcy, before calling early elections in a few months.

Nov 4, 2011

Exclusive: Greek finance minister plans to forge

ATHENS (Reuters) – Greek Prime Minister George Papandreou has struck a deal to stand down and let Finance Minister Evangelos Venizelos form a coalition government aiming to win parliamentary approval for Greece’s latest bailout, sources close to the deal told Reuters on Friday.

They said Venizelos had won the backing of leaders of some smaller parties to support the coalition, which would also aim to avert an immediate Greek bankruptcy, before calling early elections in a few months.

Nov 4, 2011

“Boston boys” face-off in Greek political showdown

ATHENS (Reuters) – Roommates at Boston’s Amherst College in the early 1970s, George Papandreou and Antonis Samaras hail from prominent Greek families and lead parties at the opposite ends of Greece’s political spectrum.

A parliamentary confidence vote late on Friday is a showdown that will decide both their political futures, as well as the debt-ridden country’s fate in a crisis shaking the euro.

Nov 4, 2011

Greek PM ready to go, dump referendum, for euro deal

ATHENS/CANNES, France (Reuters) – Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the euro to preserve the single currency.

Fast-moving events in Athens overshadowed the first day of a summit of the Group of 20 major economies on the French Riviera on Thursday, with anxious world leaders urging Europe to act to stop contagion from its sovereign debt crisis.

Nov 3, 2011

Greek prime minister faces knife-edge survival vote

ATHENS, Nov 4 (Reuters) – Greek Prime Minister George
Papandreou faces a knife-edge confidence vote on Friday after
his plan for a referendum on a bailout — supposed to save both
Greece and the euro zone from disaster — backfired
disastrously.

But even if his socialist government survives the
parliamentary vote, Papandreou’s days as Greek leader looked
numbered after a deal with his cabinet under which, government
sources said, he agreed to stand down after negotiating a
coalition with the conservative opposition.

Nov 3, 2011

Greek PM ready to yield to coalition if confidence vote won -source

ATHENS (Reuters) – Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.

They said the ministers involved in the deal were led by Finance Minister Evangelos Venizelos.

Nov 3, 2011

Greek PM may yield to coalition if confidence vote won – source

ATHENS (Reuters) – Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.

They said the ministers involved in the deal were led by Finance Minister Evangelos Venizelos.

Nov 3, 2011

Exclusive: Greek PM ready to yield to coalition if vote won

ATHENS (Reuters) – Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.

They said the ministers involved in the deal were led by Finance Minister Evangelos Venizelos.

Nov 3, 2011

Greek PM defies demands he quit in referendum row

ATHENS (Reuters) – Greek Prime Minister George Papandreou defied demands on Thursday that he resign over his decision to hold a referendum on the nation’s euro zone bailout deal, calling instead for his party to unite for a confidence vote in the government.

Papandreou fought back off the ropes, saying the referendum plan which provoked uproar at home and around the euro zone had forced the opposition to accept the 130-billion-euro rescue and its conditions — a new wave of deep austerity.

Nov 3, 2011

Greek leader signals he may ditch referendum plan

ATHENS (Reuters) – Prime Minister George Papandreou said on Thursday he would scrap a referendum on Greece’s bailout lifeline if the conservative opposition agreed to back the package in parliament.

Events in Athens gathered speed a day after Papandreou held a bruising meeting in France with German and French leaders, who told him Athens would not receive a cent more in aid until it voted to meet its commitments under the bailout deal.

    • 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."
    • Follow Dina