Greek Prime Minister George Papandreou will step down as his government's leader, the country's president announced Sunday night - agreeing to do so on the condition that the controversial 130 billion euro bailout deal is approved.
The announcement follows a meeting on Sunday in which Papandreou and Antonis Samaras - the leader of the New Democracy party, Greece's leading opposition party - agreed to form a new government.
The two will meet again Monday to discuss who will become the nation's next prime minister as well as who will serve in the new government, according to the statement from President Karolos Papoulias.
No more details or a timeline of future events were disclosed, beyond that new national elections will be held sometime after the bailout is implemented. Earlier Sunday, Samaras told reporters that once Papandreou resigns everything will "take its course" and "everything else is negotiable."FULL STORY