(9 Nov 2011) HEADLINE : Greek PM: New interim govt will secure debt deal
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CAPTION: Greek Prime Minister George Papandreou says a new interim government will seek to defend Greece's debt deal and the country's place in the euro. (Nov. 9)
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[Notes:VO: GREEK PRIME MINISTER MAKING TV STATEMENT. LOCATOR: ATHENS. 11/9/11]
GREECE'S PRIME MINISTER WISHED THE NEXT PRIME MINISTER WELL--BUT DID NOT END THE MYSTERY OF WHO WILL TAKE HIS SPOT.
GEORGE PAPANDREOU SAID WEDNESDAY THAT A NEW INTERIM GOVERNMENT WILL SEEK TO DEFEND GREECE'S DEBT DEAL AND THE COUNTRY'S PLACE IN THE EURO. BUT PAPANDREOU DID NOT ANNOUNCE HIS RESIGNATION, AS WIDELY EXPECTED. HE ALSO DID NOT NAME HIS REPLACEMENT.
[Notes:VO: PAPANDREOU WALK SHOT. SOURCE: AP. 11/9/11]
THERE HAVE BEEN THREE DAYS OF POWER SHARING AGREEMENTS DESIGNED TO FORM A NEW GOVERNMENT. THAT GOVERNMENT WILL IMPLEMENT A 179-BILLION-DOLLAR BAILOUT PLAN.
GREECE'S PARTNERS IN THE EURO PREVIOUSLY GAVE THE COUNTRY 150-BILLION DOLLARS.
THIS SECOND RESCUE PACKAGE ALSO INCLUDES PRIVATE BONDHOLDERS FORGIVING HALF OF GREECE'S DEBT.
THAT DEBT LOAD IS SO HIGH THAT GREECE CAN NEVER PAY IT BACK WITHOUT HELP.
MATT FRIEDMAN. ASSOCIATED PRESS.
APTN STORY NUMBER: 713911
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