George Papandreou News
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The number of Greeks who would vote for either of the nation’s largest political parties if an election were held now reached its lowest since the return of democracy in 1974, according to an opinion poll by MRB for the newspaper Real News to be published in tomorrow’s edition.
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Greece’s Pasok party favors extending the term of interim Prime Minister Lucas Papademos to ensure speedy implementation of reforms.
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Swiss stocks advanced to a seven- month high, led by Transocean Ltd., after China pledged to help resolve the euro area’s debt crisis.
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Greece said that Europe’s wealthier countries are “playing with fire” by toying with the idea of expelling it from the 17-nation euro area as talks over a second aid program ran into new obstacles.
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Asian stocks rose, with the region’s benchmark index headed for a six-month high, after China pledged to help resolve Europe’s debt crisis. Chipmakers outside Japan rallied after debt-laden rival Elpida Memory Inc. said it may not survive.
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European officials ratcheted up the pressure on the Greek government to deliver spending cuts in exchange for a second bailout as they insisted that default is not an option.
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The leaders of Greece’s two biggest political parties, New Democracy’s Antonis Samaras and Pasok’s George Papandreou, will send written commitments tomorrow to the so-called troika to stand by austerity measures, a government official said today.
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Most U.S. stocks retreated as an advance in the final half hour spurred by optimism that Greece will commit to budget cuts stopped short of erasing a decline in the Standard & Poor’s 500 Index.
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Rioters set fire to buildings and battled police in downtown Athens as the Greek Parliament prepared to vote on Prime Minister Lucas Papademos’s austerity package to avert the nation’s collapse.
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George Papandreou and Antonis Samaras, leaders of Greece’s two largest parliamentary parties, demanded support and discipline from lawmakers to back budget cuts to secure international aid and prevent a collapse.
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