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Former Greek PM announces new party

Former Greek Prime Minister George Papandreou has announced the formation of a new party about three weeks before a snap national election on January 25.

Former Greek prime minister announces new party

Former Greek prime minister George Papandreou has announced the formation of a new party about three weeks before a snap national election on January 25.

New Greek government offers no austerity relief

Greece's new cabinet may last a month or two longer than planned, a senior government official said on Saturday.

Papademos is new Greek PM

Senior banker Lucas Papademos will replace outgoing Prime Minister George Papandreou.

Greek coalition deal collapses, new meeting set for today

A deal on forming a Greek national unity government collapsed as the country headed toward an economic abyss and revived early Thursday the chances of former European Central Bank vice president Lucas Papademos heading the coalition.

Greek crisis: Parties agree on house speaker as new PM

Greek party leaders have agreed on house speaker Filippos Petsalnikos to head the country's new coalition government, barring any last-minute changes.

Greek parties agree on speaker as new PM, barring snags

Papandreou said he was stepping down and declared that Greece had avoided bankruptcy.

Greek crisis: Leaders set to pick new PM

Greek political leaders were set to choose who will lead a new coalition on Monday and push through a bailout before the country runs out of money in mid-December.

Greece seals sketchy coalition deal under EU pressure

Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems.

Greek leaders to pick PM of new government

Greece`s embattled PM and main opposition leader have agreed to form an interim government.

Greek President to host talks with PM, opposition

Greece Premier George Papandreou survived a confidence vote in his government on Saturday.

Europe turns up heat on Greeks to seal unity coalition

The European Union turned up the heat on bickering Greek politicians on Sunday to agree a crisis coalition, demanding progress toward backing an international bailout deal in the next 24 hours.

Hopes rise for breakthrough in Greek political drama

A breakthrough in Greece's damaging political stalemate seemed increasingly likely today as the opposition leader said a deal on a unity government was possible if Prime Minister George Papandreou resigns.

Greece must give 'message of stability': Opposition leader

The leader of Greece's main opposition party said on Sunday that the crisis-wracked country must offer a "message of stability" to the rest of the world, as politicians battle to form a unity government.

Hopes rise for breakthrough in Greek political drama

Greek opposition has called for snap polls, whereas Papandreou has said this would be a "catastrophe."

Greek parties bicker over coalition to save the nation

Prime Minister George Papandreou launched his campaign on Saturday for a coalition to save Greece from bankruptcy, but rival parties showed little willingness to cooperate in tackling the nation's economic, political and social crisis.

Talks on Greek coalition to start soon: Papandreou

Negotiations to form a Greek coalition government will start soon, Prime Minister George Papandreou said on Saturday, launching a new push to save the nation from bankruptcy and prevent its crisis from sweeping over Europe and beyond.

Greek PM wins confidence vote, pledges transition

Greek Prime Minister George Papandreou survived a confidence vote early Saturday.

Greek Premier struggles to end political deadlock

Greece`s Prime Minister struggled on Saturday to form a temporary coalition government in the near-bankrupt country.

Greek PM faces knife-edge survival vote

Greek PM`s plan for a referendum on a bailout - supposed to save both Greece, the eurozone from disaster - backfired disastrously.