ATHENS - Greece will hold a parliamentary election on April 29 at the earliest and may not hold the vote until May, a government spokesman said late on Friday, giving Prime Minister Lucas Papademos time to complete a debt deal to avert default.
Greece's private-sector creditors agreed to accept steep cuts in the value of their bond holdings, opening the way for a 130-billion-euro ($170-billion) bailout by the European Union and the International Monetary Fund.
Once a deal has also been agreed on the settlement of a smaller tranche of Greek bonds regulated under international law on April 12, the government's work will be finished, spokesman Pantelis Kapsis told Skai television.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>