George Papandreou

Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future as well as that of the government.

Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.

Former Greek Prime Minister, George Papandreou, revealed plans on Friday to create a new political party - a development that further complicates the landscape in Greece ahead of a snap general election later this month.

There are strong doubts among some of the euro countries if a second massive bailout could save Greece

The leaders' talks hit a snag over a €300 million ($398 million) gap in cuts needed to reach the 2012 fiscal target. Greece needs the €130 billion deal to avoid a March default and is being pushed to wrap up negotiations in Athens before a meeting of eurozone finance ministers in Brussels scheduled for 1700GMT. "There was very broad agreement o...

Greek Prime Minister George Papandreou and opposition leader Antonis Samaras, who met late Sunday for talks on a future coalition government, announced early on Monday that Papandreou would resign from his post and immediate elections will be held. The two major political parties -- Papandreou's PASOK party and the opposition New Democracy p...

Greece's outgoing Prime Minister George Papandreou said Wednesday that an agreement had been reached with the opposition on the creation of an interim government that will secure the country's new debt deal.

The leaders of Greece's two biggest parties are due to resume talks Monday to agree on who should be the country's new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal and prevent imminent bankruptcy.

Greek leaders entered a second day of closed-door talks on Sunday to end an ongoing political crisis, under intense pressure to ensure the country doesn't go bankrupt in the next few weeks and that it remains in the eurozone.

Greece's Prime Minister struggled on Saturday to form a temporary coalition government in the near-bankrupt country, extending a political deadlock threatening billions in international rescue funds.

Greek Prime Minister George Papandreou survived a confidence vote early Saturday, calming a vicious revolt in his Socialist party with an emotional pledge to step aside if necessary and seek a cross-party government lasting four months to safeguard a new European debt agreement.

Greek lawmakers geared up for a crucial confidence vote in the beleaguered Socialist government on Friday, as both main parties floated plans to approve a massive European bailout and call new elections.

Ignoring increasing calls to step down, Greece's prime minister says he is seeking emergency talks with the Opposition and warns that an early election would force Greece into leaving the euro currency.

Hours after Prime Minister George A Papandreou of Greece emerged from a meeting with Europe's leaders, pledging to hold a referendum on a new European debt deal, key ministers in his government rebelled against the idea on Thursday, deepening rifts within his government that could force its collapse.

Greek Prime Minister George Papandreou was flying to the chic French Riviera resort of Cannes on Wednesday to explain himself to European leaders furious over his surprise referendum on a bailout deal that took them months to work out.

Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future as well as that of the government.

Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.

Former Greek Prime Minister, George Papandreou, revealed plans on Friday to create a new political party - a development that further complicates the landscape in Greece ahead of a snap general election later this month.

There are strong doubts among some of the euro countries if a second massive bailout could save Greece

The leaders' talks hit a snag over a €300 million ($398 million) gap in cuts needed to reach the 2012 fiscal target. Greece needs the €130 billion deal to avoid a March default and is being pushed to wrap up negotiations in Athens before a meeting of eurozone finance ministers in Brussels scheduled for 1700GMT. "There was very broad agreement o...

Greek Prime Minister George Papandreou and opposition leader Antonis Samaras, who met late Sunday for talks on a future coalition government, announced early on Monday that Papandreou would resign from his post and immediate elections will be held. The two major political parties -- Papandreou's PASOK party and the opposition New Democracy p...

Greece's outgoing Prime Minister George Papandreou said Wednesday that an agreement had been reached with the opposition on the creation of an interim government that will secure the country's new debt deal.

The leaders of Greece's two biggest parties are due to resume talks Monday to agree on who should be the country's new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal and prevent imminent bankruptcy.

Greek leaders entered a second day of closed-door talks on Sunday to end an ongoing political crisis, under intense pressure to ensure the country doesn't go bankrupt in the next few weeks and that it remains in the eurozone.

Greece's Prime Minister struggled on Saturday to form a temporary coalition government in the near-bankrupt country, extending a political deadlock threatening billions in international rescue funds.

Greek Prime Minister George Papandreou survived a confidence vote early Saturday, calming a vicious revolt in his Socialist party with an emotional pledge to step aside if necessary and seek a cross-party government lasting four months to safeguard a new European debt agreement.

Greek lawmakers geared up for a crucial confidence vote in the beleaguered Socialist government on Friday, as both main parties floated plans to approve a massive European bailout and call new elections.

Ignoring increasing calls to step down, Greece's prime minister says he is seeking emergency talks with the Opposition and warns that an early election would force Greece into leaving the euro currency.

Hours after Prime Minister George A Papandreou of Greece emerged from a meeting with Europe's leaders, pledging to hold a referendum on a new European debt deal, key ministers in his government rebelled against the idea on Thursday, deepening rifts within his government that could force its collapse.

Greek Prime Minister George Papandreou was flying to the chic French Riviera resort of Cannes on Wednesday to explain himself to European leaders furious over his surprise referendum on a bailout deal that took them months to work out.