Monday, November 7, 2011

Greek update

By on Nov 6, 2011


Greek PM to stand down


Prime Minister George Papandreou crucially agreed to step down, removing a key stumbling block which had held up an accord just hours before nervous financial markets reopen Monday with the euro in the line of fire.

"An agreement was reached to form a new government to immediately lead the country to elections after ratifying the decisions taken by the European Council," the Greek president's office said in a statement.

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Loose Cannon: Will Israel attack Iran?

From: RussiaToday  | Nov 6, 2011 
The UN nuclear watchdog will next week publish a report suggesting Iran has built a nuclear testing facility and will show satellite images to prove it. These allegations also come amid reports of possible military action against the country's nuclear facilities. On Friday, the Israeli President said, when it comes to Iran - "that the international community is closer to finding a military solution than a diplomatic one".

On Balance: Cash outweighs [Greek] people?

From: RussiaToday  | Nov 6, 2011 

Germany and France threatened to kick Greece out of the Eurozone and warned at this week's G20 meeting in Cannes, it won't get the next installment of rescue money. That was after the Greek Prime minister shocked European partners by calling a referendum on the EU bailout plan, a move he later dropped.