It's been a challenging few years for Greece, with the most recent weeks being especially difficult. Since the first bailout, many wondered why the EU was kicking the can down the road with the economic crisis in Greece. This week it sounds as though the EU leaders finally are coming around to the reality that Greece may leave the euro. There was never any good route to take for Greece but at least there's now an increasing consensus that the least bad route is about to be chosen.
Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.Next up, the much more serious problem of Italy or Spain.
They said the ministers involved in the deal were led by Finance Minister Evangelos Venizelos.
"He was told that he must leave calmy in order to save his party," one source told Reuters on condition of anonymity. "He agreed to step down. It was very civilized, with no acrimony."
