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Friday, November 04, 2011

Report on Greece: Papandreou to Stand Down, Venizelos to Form Government, Elections in February

by Calculated Risk on 11/04/2011 06:34:00 PM

UPDATE via Athens News: 00.56am The voting has finished. Unconfirmed results on Twitter: Yes 153, No 143. Papandreou has won.

From Reuters: Greek Leaders Strike Deal for a New Government

Greek Prime Minister George Papandreou has struck a deal to stand down and let Finance Minister Evangelos Venizelos form a coalition government ... They said Venizelos had won the backing of leaders of some smaller parties to support the coalition, which would also aim to avert an immediate Greek bankruptcy, before calling early elections in a few months.
And a comment from Venizelos via the Athens News: Live news blog – November 4
Finance Minister Evangelos Venizelos giving a speech. Says country needs effective government. Has just said that interim government should stay in power until February, then elections.
Here are the earlier employment posts (with graphs):
October Employment Report: 80,000 Jobs, 9.0% Unemployment Rate
Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
Seasonal Retail Hiring, Duration of Unemployment, Unemployment by Education and Diffusion Indexes
NEW Employment graph gallery (fast, no scripting)