Monday, November 7, 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.
Read more: http://www.smh.com.au/business/world-business/pm-to-stand-down-in-deal-to-save-greece-20111107-1n2fp.html#ixzz1czrR70pe
Loose Cannon: Will Israel attack Iran?
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?
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.
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