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The new unity government of Greece will not be chaired by Papandreou. Photo by EPA/BGNES
The major political powers in Greece have reached an agreement to form a unity government, according to a statement of the office of Greek President Karolos Papoulias.
Under the deal, Greece's government of national unity will not be headed by current Prime Minister and leader of the socialist party PASOK George Papandreou.
He and main opposition leader Antonis Samaras from the rightist New Democracy party attended the talks, hosted by President Karolos Papoulias.
Тhe name of the new Prime Minister of Greece will be announced Monday.
More talks will take place in the morning to decide who will lead the coalition. Once the new leader has been named, the president will invite all parties to join the national unity government, the statement said.
There has been speculation that the new governing coalition could be led by Finance Minister Evangelos Venizelos.
The new Greek Cabinet is to implement the terms of the second international bailout for Greece which provides for a loan of EUR 130 B and a 50% write-off of Greek debt by creditor banks in exchange for a strict austerity program.
In addition the new government will prepare the stage for the holding of general elections in March 2012.
The European Union has agreed on a major overhaul of its steel import regime, effectively doubling tariffs in an effort to protect domestic producers from what officials describe as a growing wave of low-cost foreign, particularly Chinese, exports
Hungary’s incoming prime minister Péter Magyar has signaled that his government will not obstruct the European Union’s €90 billion loan for Ukraine, while making clear that Budapest itself will not participate in the mechanism
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
The caretaker government has approved a decision endorsing the Partnership Agreement between the European Union and its Member States and the Mercosur bloc
A criminal network linked to Bulgaria has been accused of defrauding dozens of elderly people in northern Greece through an elaborate telephone scam that resulted in losses exceeding 600,000 euros, according to Kathimerini.
EU countries will each have to secure guarantees worth billions of euros for the loan to Ukraine funded by frozen Russian assets, Politico’s Brussels edition reports.
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
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