Sunday, November 6, 2011

Eurozone crisis: Greek PM George Papandreou to resign

Guardian
November 6, 2011

George Papandreou, under intense pressure to end the political uncertainty engulfing Greece, is expected to formally resign immediately as prime minister after convening an emergency cabinet meeting.

Sunday's extraordinary cabinet session would be the crisis-hit leader's last as prime minister, a government spokesman confirmed as cross-party talks to form a national unity government continued behind closed doors for a second day. Papandreou would quit once personnel of the new administration had been agreed, he said.

"We just have to wait for the prime minister's announcements in the cabinet," veteran socialist Telemachos Hytiris told Greek state television. "Everything must be wrapped up within the day otherwise tomorrow it will be hell."

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