12.15 BREAKING The situation in Greece is unravelling fast - the BBC is reporting that George Papandreou will offer his resignation to the Greek president shortly.
He is expected to offer a coalition government headed by Lucas Papademos (see 11.10 post), a former ECB bigwig, according to the BBC, which is citing sources in Athens.
cebenomic's open, shake out up n over thursday, page-219
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