Greek PM Deal Falls Through

Former European Central Bank VP Papademos once again the top choice
By Evann Gastaldo,  Newser Staff
Posted Nov 10, 2011 2:50 AM CST

(Newser) – So much for the new Greek prime minister: Yesterday’s deal with parliament speaker Filippos Petsalnikos fell through after more intra-party fighting, leading to a fourth day of meetings to determine a new coalition. Former European Central Bank VP Lucas Papademos is once again the top choice and is at the presidential palace for today’s talks, Reuters reports.

Outgoing PM George Papandreou and opposition leader Antonis Samaras are there as well. "This is the third time that I've come here over the same issue. I hope it will be the last," said Samaras on his way in. Greek shares rose on hopes that Papademos will become the interim leader. (Read more Lucas Papademos stories.)

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