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Debt-ridden Greece's prime minister quit last night amid his country's chaotic
George Papandreou had survived a vote of confidence on Friday after pledging to form a coalition to adopt the rescue package to stop his country going bust. But political opponents refused to work with the Socialist Movement leader and he agreed not to
Updated: 11/07/2011 03:27A
Greece's prime minister George Papandreou quits
Debt-ridden Greece's prime minister quit last night amid his country's chaotic attempts to accept an EU bailout and stave off bankruptcy. George Papandreou had survived a vote of confidence on Friday after pledging to form a
Updated: 11/07/2011 02:59A
Greek prime minister George Papandreou to step down after deal agreed with
between the prime minister and the opposition leader on who will be the leader of the new government," the statement said. The interim government will lead the country until elections, which could be held on Feb 19, the finance ministry said.
Updated: 11/07/2011 02:35A
Greeks await new PM announcement
The names of Lukas Papademos, a former deputy president of the European Central Bank, and Finance Minister Evangelos Venizelos have been floated. The coalition is due to lead the country until elections, which could be held on 19 February, the finance
Updated: 11/07/2011 02:25A
Pub founders' bankruptcy deal rejected
The founders of the Breakers restaurant and Rosie O'Grady pub chains are trying to stave off bankruptcy by paying a small fraction of the $5.7 million they owe. Mark and Penelope Burt owe the money to seven creditors of various companies whose debts
Updated: 11/07/2011 02:18A
Newspaper briefing, including 'Cannes showed how power has shifted to Beijing
Greece acts to stave off bankruptcy with unity government: The Greek Finance Minister will travel to Brussels in a desperate bid to reassure the countrys partners and nervous investors that the new national unity government can stave off bankruptcy.
Updated: 11/07/2011 02:17A
Papandreou steps aside for unity government
His going broke deadlocked talks after the EU demanded Greece's parties join forces to avert bankruptcy. It is not clear who will lead the interim administration – those discussions will continue today – but it will be charged with getting a euro zone
Updated: 11/07/2011 01:43A
Filing will not affect local hotelier
by Doug Walker, Associate Editor It's business as usual at the Jameson Inn hotel in Rome despite a bankruptcy filing during the last week of October by the corporate owner of the largest group of Jameson Inn properties. Dave Carley, executive vice
Updated: 11/07/2011 01:24A
New unity government to lead Greece
The Greek finance minister will travel to Brussels today in a desperate bid to reassure the country's partners and nervous investors that a new "national unity government" can stave off
Updated: 11/07/2011 01:21A
'Fulton' mauled by Filene's bankruptcy
Filene's Basement — a depot for cut-price designer goods — announced that it would close all of its 46 stores, dashing plans for the first Brooklyn location slated for the shopping mall near Bond Street. The bad news, however, didn't faze city
Updated: 11/07/2011 01:10A
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