Comment on Greek power-sharing talks in second day

Greek power-sharing talks in second day

share: digg facebook twitter Greek power-sharing talks in second day Associated Press Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 12:11 a.m., Tuesday, November 8, 2011 ATHENS, Greece (AP) — Power-sharing talks between Greece's two main political parties entered their second day Tuesday, as European leaders stepped up the pressure for a quick resolution by holding back a vital rescue loan that the country needs to prevent a devastating bankruptcy. Socialist Prime Minister George Papandreou and conservative party head Antonis Samaras have been wrangling over who will lead an interim government that aims primarily to secure a new €130 billion ($179 billion) European rescue package, agreed less than two weeks ago. Jean-Claude Juncker, the chairman of the eurozone's finance ministers, said Monday that the leaders of the two main parties must co-sign a letter reaffirming their commitment to Greece's bailouts and economic reforms before the next batch of bailout cash is handed over to Athens. The efforts by Papandreou's government to keep the country solvent have prompted violent protests, crippling strikes and a sharp decline in living standards for most Greeks.

 

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