ELECTIONS

Greek Leaders Set to Pick New PM, Media Tips Papademos

Greek leaders set to pick new PM, media tips Papademos
Greek political leaders were set to choose who will lead a new coalition on Monday and push through a bailout before the country runs out of money in mid-December, with local media tipping former ECB deputy head Lucas Papademos for the job.
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Greek Prime Minister George Papandreou addresses lawmakers in the parliament prior to a confidence vote in Athens

Greece Seals Sketchy Coalition Deal Under EU Pressure

Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems.
Oegussa plant gold

Gold Rises 1% amid Jitters on Greece and Italy

Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
Greece's Prime Minister Papandreou speaks to the media after crisis talks on the eve of a G20 summit of major world economies in Cannes

Greek Political Parties Ignore Appeal for Rapid Compromise

Greece's ruling socialists and opposition conservatives offered rival plans for saving the nation from bankruptcy and safeguarding its Eurozone membership, ignoring an appeal from the president to cooperate now on tackling the mess.
Greek PM George Papandreou and FM Evangelos Venizelos applaud after winning a vote of confidence in the Greek parliament in Athens

Greek PM to Push Coalition Plan in Meeting with President

Greek Prime Minister George Papandreou is meeting with Greek President Karolos Papoulias Saturday in the drive for a new coalition government to save the nation from bankruptcy and prevent its debt crisis from spreading chaos across the Eurozone.
Libya"s newly elected Prime Minister Abdul Raheem al-Keeb

New Libyan PM Abdurrahim el-Keib Faces Tough Challenges

Libya's new interim prime minister, Abdurrahim el-Keib was a professor of electrical engineering and an entrepreneur who had to live in exile for 10 years because of pressure from the late Moammar Gadhafi's regime over his political views.
U.S. Stock Market

Wall Street Week Ahead: Coping with Chaos in Europe

U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.
Greek Premier Papandreou addresses the Greek parliament in Athens

Greek PM George Papandreou Wins Confidence Vote

Greek Prime Minister George Papandreou has won a parliamentary confidence vote and avoided snap elections that would have affected Greece's bailout deal and the Eurozone's economic crisis.
Italy's Prime Minister Silvio Berlusconi

Italy Agrees to Let EU, IMF Monitor Reforms

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.

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