Greece's Papandreou To Resign

MarketWatch - Greek Prime Minister George Papandreou is expected to offer his resignation Thursday, the BBC reported, citing unnamed sources. Papandreou is set to meet with Greek President Karolos Papoulis immediately after the conclusion of an emergency cabinet meeting, the report said, with Papandreou expected to clear the way for a coalition government headed by Lucas Papademos, a former European Central Bank vice president.

More detail in comments below.

Comments

[DailyBail]

ECB unexpectedly cuts rates; Draghi to speak

http://www.marketwatch.com/story/ecb-unexpectedly-cuts-rates-draghi-to-speak-2011-11-03

[DailyBail]

Greek officials disagree over referendum

http://www.marketwatch.com/story/greek-officials-disagree-over-referendum-2011-11-03

[DailyBail]

SYDNEY (MarketWatch) — France and Germany late Wednesday told Greece that a sixth tranche of aid won’t be paid unless the country adopts proposals outlined last week to help Europe out of its sovereign-debt crisis.

http://www.marketwatch.com/story/sarkozy-says-aid-tranche-depends-on-greece-2011-11-02

[DailyBail]

Italian 10-year bond yield hits euro-era high

http://www.marketwatch.com/story/italian-10-year-bond-yield-hits-euro-era-high-2011-11-03

[Shorebreak]

The markets will soar when he resigns.

[Chris]

Wow.... It doesn't take much to figure out what's going on... Papandreo couldn't stomach these "bail outs" (thefts and transfer of wealth from "middle" class to the banking class.) and these "Austerity measures" (incremental and continuous decline in standard of living to get ppl "used" to the idea of living in poverty.)

sooo... The banks force his resignation and put in a new banker puppet former vp of ECB Papademos... aka BAILOUTS will PASS, Austerity enforced, enslaving continued and a hell of a lot more riots!

but of course the markets will rise (artificially) and the G20 countries will scream "crisis averted" while the bankers snicker and rub their hands together because they just tricked the masses again into allowing another huge theft of wealth and sovereignty of a nation.

[absolutetotalfreedom]

When a country is in a state of distress like this one, there lies a potential for a real solution. It would seem like doing something different than what has being suggested before will solve this problem. But at last, the solution will only escape them as they are seeking it from outside instead of inward. The citizens do not need to look to someone else or outside of themselves for the solution, the answer to their problems lies within every citizens themselves.
http://accessiblemediaone.blogspot.com/
http://absolutetotalfreedom.blogspot.com/

[accessiblemediaone]

This country has being through a lot. I am sure its citizen is looking for some sort of solution to their problems. I am quite sure they will not find a permanent solution in the direction that they are seeking. The solution is far easier than they can ever conceive. Looking inward is the only permanent solution.
http://accessiblemediaone.blogspot.com/
http://absolutetotalfreedom.blogspot.com/