Bloomberg News

Papandreou Said to Offer to Quit in Favor of Unity Cabinet

June 15, 2011

June 15 (Bloomberg) -- Greek Prime Minister George Papandreou offered to step aside to permit the formation of a unity government, as long as all opposition parties agreed to cuts required by an international bailout, said a person with direct knowledge of the matter.

Papandreou’s bid, coming amid mounting opposition and defections among allies, countered a demand by the New Democracy opposition party that he quit and that a cross-party coalition renegotiate the terms of the rescue.

--Editors: James Hertling, Andrew Davis

To contact the reporters on this story: Maria Petrakis at mpetrakis@bloomberg.net; Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net


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