BREAKING NEWS

Greek PM to meet president as coalition hopes rise

By REUTERS

NOVEMBER 9, 2011 17:05

ATHENS - Prime Minister George Papandreou will meet the Greek president on Wednesday, raising hopes that party leaders may finally have come to terms on a national unity government as the nation hurtles towards an economic and political precipice.

Greeks and the nation's international lenders have watched in growing horror for three days as party leaders feuded over a shrinking list of credible candidates to lead a coalition after Papandreou said he would step down.

Papandreou will meet President Karolos Papoulias at 1500 GMT, the president's office said, and state television reported negotiations had been completed on the formation of a "100 day" coalition to govern until early elections in February.

However, earlier optimistic reports have proved premature as the socialist and conservative parties bickered over who should take the poisoned chalice and lead a government that will impose yet more crippling austerity on an angry electorate.

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