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Latest Evangelos Venizelos Items
A top Greek official on Wednesday warned of a "widening gap" in the eurozone that separates financially stable countries such as Germany from their southern European partners that are struggling to keep up.
Greek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country's international bailout commitments.
A coalition government could be formed by mid-Wednesday in Greece, the head of the country's socialist party said Tuesday, easing the nation out of a political limbo as it struggles to deal with a financial crisis that is already affecting Europe's economy and markets around the world.
Greece's two pro-bailout parties appeared likely Monday to agree on forming a coalition government after a bruising election watched closely because of its potential impact on the world economy, but negotiations were pushed to a second day after the head of the socialist party insisted on a broad partnership.
The conservative party that backs keeping Greece in the eurozone won the country's national election Sunday and immediately proposed forming a pro-euro coalition government — a development that eased, at least briefly, deep fears that the vote would unleash an economic tsunami.
Greece will hold a new election in June after days of talks failed to resolve the country's political deadlock, party leaders said.
Greece's president will meet with political party leaders Sunday in a last-ditch effort to broker a deal for a coalition government and avoid another general election.
Some eurozone countries have strong doubts over whether a second massive bailout can save Greece, officials said Wednesday, even as Athens rushed to meet tough conditions to qualify for the 130-billion-euro ($170 billion) rescue.
Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek leaders urged lawmakers Saturday to pass more painful spending cuts on the eve of a crucial vote to qualify for a massive bailout.