Papandreou Prepares His Exit - Truthdig

Papandreou Prepares His Exit - Truthdig: After his ill-conceived eleventh-hour referendum idea fell through last week, the thread from which Greek Prime Minister George Papandreou was dangling effectively snapped. By Monday, it was apparent that Papandreou was ready to accept defeat, as he met the day before with his main opponent to work out details on a power-sharing plan to ease the prime minister’s transition out of office while the government works on meeting the European Union’s financial aid requirements and elect his replacement.