Sunday, November 6, 2011

Greek PM to launch coalition talks

Greek Prime Minister George Papandreou speaks during a confidence vote speech at the parliament in Athens, on Friday, Nov. 4, 2011. Greece's embattled Socialist prime minister promised to start immediate powersharing talks to form a caretaker government, declaring his willingness to step aside if needed, but ruled out snap elections that he said would scuttle a major new European debt deal. (AP Photo/Thanassis Stavrakis)

Greek Prime Minister George Papandreou speaks during a confidence vote speech at the parliament in Athens, on Friday, Nov. 4, 2011. Greece's embattled Socialist prime minister promised to start immediate powersharing talks to form a caretaker government, declaring his willingness to step aside if needed, but ruled out snap elections that he said would scuttle a major new European debt deal. (AP Photo/Thanassis Stavrakis)

Greek Finance minister Evangelos Venizelos speaks during a confidence vote meeting at the parliament in Athens, on Friday, Nov. 4, 2011. Greece's embattled Socialist prime minister promised to start immediate powersharing talks to form a caretaker government, declaring his willingness to step aside if needed, but ruled out snap elections that he said would scuttle a major new European debt deal. (AP Photo/Thanassis Stavrakis)

(AP) ? Embattled Greek Prime Minister George Papandreou is preparing to start talks to try to form a four-month coalition government, aimed at securing continued rescue funds for the near-bankrupt eurozone country.

Papandreou is due to meet President Karolos Papoulias at noon (1000GMT) Saturday, hours after winning a confidence vote in the Socialist-led parliament on a pledge that he was willing to step aside and form a cross-party caretaker government.

But it remains unclear whether the main opposition conservatives and other parties will take part in the talks and abandon their demand for a snap general election.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-11-05-EU-Greece-Financial-Crisis/id-01647eb9b2b247549cd06429b6fdaeb8

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