Greece Selects New Leader for “Temporary” Power Sharing Agreement

Prime Minister George Papandreou and conservative leader Antonis Samaras continue to work out the details that will select a leader to head the new 15-week government created to specifically navigate the country through the next four months. During this period, Greece will be forced to pass legislation at home committing the Greek government to a series of financial and deficit goals in exchange for continued emergency funding from the Eurozone countries.

The Eurozone countries have suspended future payments to Greece until the government commits to the terms of the agreements signed-off on October 27th.

“Things are headed in the right direction. Today, the national unity seems to be forming in Greece, which is a positive development,” said French Foreign Minister Alain Juppe. “But what’s important is that the bailout plan for Greece gets ratified.”

Source: The Canadian Press

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