Greek Installing a New Government

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Prime Minister George Papandreou will be resigning from his position Monday after he and other political leaders came to the agreement to form a new unity government Sunday.

Elections for the new prime minister are planned for Feb. 19 next year, Reuters said.

Under the new unity government, according to NY Times, the major parties would share the power and is "widely expected to be led by a non-politician."

European officials pressured Greece to agree on a plan in order to "prevent the Greek crisis from spilling over to larger economies such as Spain and Italy," that are at risk of defaulting, LA Times said.

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This page contains a single entry by olso5630 published on November 6, 2011 9:10 PM.

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