Greek parties set for more wrangling, compromise elusive

By REUTERS
November 6, 2011 10:50

 
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ATHENS - Greek leaders were beginning a second day of talks and behind-the-scenes wrangling on Sunday to break a political deadlock that threatens to push the debt-laden nation closer to bankruptcy and out of the euro zone.

Greece's president has appealed for cooperation to resolve the political crisis after a tumultuous week during which Prime Minister George Papandreou first announced and then ditched a plan for a referendum on a euro zone bailout package, leaving his grip on power sharply weakened.

With cash in its coffers expected to last just over five weeks, Greece has been plunged into a fresh bout of uncertainty as both the ruling socialists and opposition conservatives offer rival plans to resolve the stalemate.

Papandreou's socialist cabinet is due to meet informally on Sunday, as his PASOK party searches for support among the smaller parties, with Finance Minister Evangelos Venizelos playing a leading role.

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