Latest News:  
Beijing   Sunny    14 / 2   City Forecast

Home>>World

Greek interim government to be formed shortly

(Xinhua)

08:21, November 09, 2011

Greek Prime Minister George Papandreou arrives for a cabinet meeting at the parliament in Athens, Nov. 8, 2011. Power-sharing talks between Greece's two main political parties entered their second day Tuesday, as European leaders stepped up the pressure for a quick resolution by holding back a vital rescue loan that the country needs to prevent a devastating bankruptcy. (Xinhua/Marios Lolos)

ATHENS, Nov. 8 (Xinhua) -- Greek Prime Minister George Papandreou asked on Tuesday his cabinet ministers to submit their resignations, paving the way for a new interim coalition government that is being formed and is expected to be announced shortly, local media reported.

After a cabinet meeting with Papandreou, ministers confirmed in a statement to national television channel NET that the outgoing prime minister expressed confidence that "a resolution could be reached soon."

Under mounting pressure from European counterparts who feared that a Greek default could destabilize the eurozone, it was agreed that Papandreou will step down and a new interim administration will take over to implement the bail-out package and lead the country to early general elections.

Former European Central Bank Vice-President Lucas Papademos, current financial advisor to Papandreou, was a favorite to head the new administration, according to unconfirmed media reports.

European Ombudsman Nikiforos Diamantouros and the country's representative at the International Monetary Fund Panagiotis Roumeliotis appeared to be amongst the main candidates for the post as well, said local reports.

The political crisis in Greece started a week ago with Papandreou's surprise call for a referendum on the EU October 26 deal that raised fear across the euro zone over a possible Greek exit from the European common currency and an imminent bankruptcy.

By the weekend Papandreou withdrew the plan amid a rebellion by ministers and ruling party deputies and opened talks on a wider consensus government with the opposition.

 
 
     
 
 
 
     
 
 
 
  We Recommend  
 
 
 
     
 
 

Email|Print|Comments(Editor:实习生1)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Wen Jiabao attends 10th prime ministers' meeting of SCO

  2. Peking Opera popularized in north China's middle school

  3. Swans spend winter in northwest China conservation area

  4. HTC puts new smartphone Explorer into Taipei market

Most Popular

Opinions

  1. House prices, pain and gain
  2. No easy answers in Greek debt crisis
  3. Why China gains big leap skyward
  4. Comment: Slight tweaks not a reversal
  5. China can learn from US big picture strategy
  6. What does space station mean for China?
  7. High-speed rail challenges China's vision
  8. Rethink China's nuke weapons strategy
  9. Housing policy unwavering
  10. Future looks bright for China's bond market

What's happening in China

Ex-worker asks to cash 10 million US bond

  1. Smartphones making rapid headway in cities
  2. PLA puts military research into practice
  3. Officials in hot water over civil servant subsidies
  4. More than a million men sterile in China
  5. China to reduce scale of military logistics

PD Online Data

  1. Lunar New Year´s Day (I)
  2. Lunar New Year´s Day (II)
  3. The Second Festival Day
  4. "Broken Five" Festival
  5. Lantern Festival