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Monday, November 7, 2011

Euro debt crisis: Greek prime minister George Papandreou to resign once coalition deal is struck

Mr Papandreou has come under fire at home and abroad for his shortlived plan for a referendum on a eurozone bailout

Prime Minister Papandreou has asked the president to host talks between himself and opposition leader Antonis Samaras after a Sunday cabinet meeting, a source at the prime minister's office quoted the premier as telling his cabinet.

The main goal, duration and leader of an interim coalition administration must be agreed before Mr Papandreou resigns.

"We only have to wait for the prime minister's announcements in the cabinet," he said. "Everything must be done within the day, otherwise tomorrow it will be hell," Pasok party member Telemachos Hitiris toldGreek state television.

Negotiations with main opposition party are stuck on the issue of Mr Papandreou tendering his resignation before the details of a coalition pact on implementing the eurozone bailout are sealed.

President Karolos Papoulias met the conservative opposition leader, shortly before the socialist cabinet was due to hold a special session.

"This uncertainty that is torturing the Greek people must end. We must find a solution," President Papoulias said before starting closed-door talks with New Democracy leader Antonis Samaras.

But Mr Samaras rejected any compromise while Mr Papandreou remains prime minister.

"I am determined to help. Provided that Papandreou resigns, everything will take its course," he said after the talks, without saying explicitly whether he would join a coalition.
The Telegraph

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