November 9, 2011
Greek political leaders appeared to have clinched a deal on a new prime minister Tuesday, following two days of frantic discussions over who would lead the country and implement a new €130 billion ($179 billion) aid package.
An announcement is expected late Wednesday, officials said. Socialist Prime Minister George Papandreou told his cabinet Tuesday that he was close to a deal with the opposition New Democracy party, and asked his ministers to prepare resignation letters.
Ahead of Wednesday's expected announcement, Mr. Papandreou is due to meet with President Karolos Papoulias, when the premier will likely tender his resignation, a government official said. The new cabinet lineup will be unveiled after the president convenes a council of Greece's political party leaders.
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