Tuesday, November 1, 2011

Papandreou calls emergency Greek cabinet meeting

Breaking News from Greece

FRANKFURT (MarketWatch) -- Greek Prime Minister George Papandreou has called an emergency cabinet meeting for later Tuesday afternoon in an effort to contain a revolt in his ruling PASOK party, Dow Jones Newswires reported. Six senior officials of Papandreou's party called for his replacement earlier in the day.
Milena Apostolaki, a parliamentary deputy, left the party's parliamentary group on Tuesday, shrinking Papandreou's majority to just two seats. Another PASOK deputy, Eva Kaili, called for a national unity government, but said it shouldn't be headed by Papandreou, the report said. The moves come after Papandreou on Monday announced the latest euro-zone rescue plan for Greece will be put to a referendum, expected in January. Papandreou also faces a parliametnary confidence vote later this week.