06 Nov '11, 1pm

Greek PM George Papandreou to step down to save Greece, euro zone

Greek PM George Papandreou to step down to save Greece, euro zone

Greek Prime Minister George Papandreou waves from his car as he leaves the presidential palace after a meeting with President Karolos Papoulias and Conservative leader Antonis Samaras in Athens Nov 6, 2011. Greek Prime Minister George Papandreou and opposition leader Antonis Samaras have agreed on a new coalition government to approve a euro zone bailout deal before elections. -- PHOTO: REUTERS ATHENS (AFP) - Political leaders in Greece clinched a historic deal on Sunday to form a national unity government to haul the debt-wracked country, and the euro zone, back from the brink of disaster. Prime Minister George Papandreou crucially agreed to step down, removing a key stumbling block which had held up an accord just hours before nervous financial markets reopen on Monday with the euro in the line of fire. 'An agreement was reached to form a new government to immediately le...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-2...

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