According to CNN news reports, Greek Prime Minister George Papandreou is expected to resign after the nation’s new coalition government is decided. This new government will be in place for four months and elections will be held in early spring. This comes soon after he won the important “confidence vote” by Parliament.
Greece currently is in economic and political chaos, so this coalition government will be in charge of the huge task, of saving the nation from bankruptcy.
Let’s hope they get them back on track, because if they default it would affect larger European economies and potentially cause worldwide economic failure. Greece is a month away from diminishing all their cash, so they better get started quickly!
