Greece power-sharing talks enter 2nd day - The Best from Greece


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Posted on: 08/Nov/2011

Critical power-sharing talks between Greece's two main political parties are entering their second day, as European leaders step up the pressure for a quick resolution by holding back a vital rescue loan that the country needs to prevent a potentially catastrophic default.

Socialist Prime Minister George Papandreou and conservative party head Antonis Samaras have been wrangling over who will lead an interim government that aims primarily to secure a new €130 billion ($182 billion Cdn) European rescue package. The two reached a landmark agreement late Sunday for Papandreou to step down and the temporary government to be formed.

The deal was an effort to calm a political crisis that erupted last week after Papandreou announced plans to put the new debt deal to a referendum. He withdrew the plan Thursday.


source: http://www.cbc.ca/news/world/story/2011/11/08/greece-financial-crisis-power-sharing.html?cmp=rss

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