Greece forming unity government




The details have not yet been announced but it is expected to be released soon. The Guardian:

But with no firm details on who would take over, the markets are braced for more volatility, ahead of the eurozone finance ministers’ meeting at which the politicians will begin a search for new sources of capital to boost the area’s main bailout fund to €1tn after the US and emerging powers refused to commit fresh funds at the G20 summit last week.

The two-hour meeting at the presidential palace was the first real breakthrough in the political deadlock that has gripped Athens since Papandreou met Papoulias on Saturday, and announced that he would try to form a broad-based administration that would steer the country through its worst crisis in modern times.

The new government would pave the way to “immediate elections” once it had achieved its goal of securing last month’s €130bn bailout package for Greece – an aid deal that has been greeted furiously by austerity-weary Greeks but is widely seen as the eurozone’s main weapon against the debt-stricken nation defaulting and bringing down the rest of the union with it.


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