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Breakthrough in Greek political deadlock
The Greek Prime Minister George Papandreou and the opposition leader Antonis Samaras have agreed on a new coalition government in principle.?�Who will lead it will be decided on Monday but it will not be Papandreou according to a statement issued following crisis talks on Sunday evening.?�Those were prompted by a 24-hour deadline issued by the European Union to Greece to put together a national unity government in order to qualify for the next instalment of a bailout fund.?�Papandreou’s position?�had looked untenable from the moment he said he would call a referendum on that deal.?�It was also decided there would not be early elections until the rescue package was in place.?�?�The EU had told Greece it needed to reach a deal by Monday afternoon when the next tranche of aid will be discussed at a meeting of EU finance ministers.?�International Monetary Fund chief, Christine Lagarde, also said this weekend political stability was needed in Greece before lenders would provide more loans.?�Unless it can secure more funding, the Greek government is set to run out of cash by the middle of December.?�?�?�?�