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live The fall of Papandreou: A week of pains

07 November 2011 / 20:11:19  GRReporter
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Papandreou already knows that the end is coming and calls the last meeting of the ministerial council. He announces then that he would resign as soon as the name of the new Prime Minister approved by both political parties is clear. He calls to meet Samaras in the presence of President Carlos Papoulias to finalize the coalition government option. The whole country and much of Europe are quietly awaiting the final decision which will determine whether Greece would continue to be a member of the euro area or if it would become a precedent and would have to exit it to serve the other member states as an example. Eventually, the two political leaders have agreed that Greece needs a cohesive coalition to fulfill the obligations of October 26 this year and then to call early elections.

There remains the question of who will sit in the Prime Minister's chair. To be continued.

Tags: PoliticsGreecePapandreouActionResignationNew governmentAthens
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