Greece Strikes Gov't Deal

    Greek President Karolos Papoulias, right, listens conservative opposition leader Antonis Samaras during their meeting in Athens, Tuesday, Nov. 1, 2011. Taking a huge political gamble, Greece's prime minister George Papandreou announced that his debt-strapped country will hold a referendum on the new European debt deal reached last week _ the first such vote in 37 years. The Greek opposition parties ask for early elections. (AP Photo/Thanassis Stavrakis)

    Thanassis Stavrakis / AP Photo

    After calling emergency talks Sunday, Greece has agreed to form a new unity government, the nation's president said in a statement. The new government will see that the EU's bailout plan is put into action, and will not be led by Prime Minister George Papandreou. Papandreou met with opposition leader Antonis Samaras to discuss a potential power-sharing deal to help the government move forward. The prime minister has agreed to resign if leaders can reach an agreement for a temporary government that will land Greece a bailout from the EU. Samaras refused to participate in further talks unless Papandreou’s resignation was on the table.

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