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Initial agreement reached in Greece power-sharing

 Greece's Finance Minister Evangelos Venizelos arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggl...
 Greece's Prime Minister George Papandreou arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...
 Greece's Prime Minister George Papandreou arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...
 Greece's Prime Minister George Papandreou exits after a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...

APTOPIX Greece Financial Crisis

Greece's Finance Minister Evangelos Venizelos arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggl...

Greece Financial Crisis

Greece's Prime Minister George Papandreou arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...

APTOPIX Greece Financial Crisis

Greece's Prime Minister George Papandreou arrives for a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...

Greece Financial Crisis

Greece's Prime Minister George Papandreou exits after a cabinet meeting at the parliament in Athens on Sunday, Nov. 6 2011. Greek leaders struggled f...

The Greek president's office says the country's prime minister and the leader of the main opposition party have reached an initial agreement on forming an interim government.
In a statement read on Greek media Sunday night, the office says Prime Minister George Papandreou will not head the interim government and that talks on details of who will form the new Cabinet will continue Monday.
The interim government is expected to be in place for about three to four months in order to ensure a new European debt deal and secure a vital installment of bailout loans that Greece needs to avoid default.
The initial agreement came after a week of intense political drama sparked by Papandreou's announcement he was taking the debt deal to a referendum. He withdrew the plan Thursday after intense opposition from European leaders and his own lawmakers.


Updated : 2020-12-04 07:19 GMT+08:00