November 10, 2011
Greece's party leaders are scheduled to meet on Thursday morning in a fresh attempt to clinch an elusive deal on a national unity government, after days of political bickering took the country closer to an economic abyss.
The president's office said a meeting of party leaders would be held at 0800 GMT (3 a.m. ET) on Thursday, in the fourth day of roller-coaster coalition talks, although in the current chaotic atmosphere meetings are often delayed or fail to happen at all.
The collapse late on Wednesday of a deal brokered earlier in the day on naming the house speaker as prime minister revived the chances of former European Central Bank vice president Lucas Papademos heading the coalition.
The stakes are high. As well as winning parliamentary approval for the bailout, the coalition has to pass the 2012 budget and secure the latest 8 billion euro installment of Greece's original rescue that was pulled together last year, to avoid bankruptcy when big debt repayments come due in December.
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