Embattled Greek Prime Minister George Papandreou has announced he will resign as soon as the composition of a unity government is decided according to multiple sources. To read more of Demagaga’s ongoing coverage of the Greek Bailout Crisis: Eurozone Leaders Prepare for Papandreou’s Departure. Papandreou Comes from Greek Political Dynasty. Greek […]
Read MoreThings are not getting easier for Papandreou as his crisis stricken government is said to be on the moves to oust him as prime minister and replace him with current finance minister, Evangelos Venizelos. Even though Papandreou survived the confidence vote at 153 to 145, he is a divisive figure incapable of uniting the nation […]
Read MoreGreek Prime Minister George Papandreou has called off plans for a referendum on the proposed bailout package for Greece’s crippling sovereign debt but this has not shored up support for the embattled Socialist Prime Minister as his government is now expected to collapse in a confidence vote this Friday. The opposition New Democracy Party backed the […]
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