Greek political chiefs are said to be close to a deal to break an impasse that has paralysed efforts to help the country avoid bankruptcy.
Despite increasing pressure at home and abroad, sources from George Papandreou’s Socialist party have said the prime minister will not resign until a new coalition is formed.
But Antonis Samaras, the leader of the opposition conservatives, says he will only join a coalition if the Prime Minister goes.
“Mr Papandreou won’t decide what he’s going to do and he’s blocking any solution,” he said. “As long as he doesn’t resign, he’s blocking the constitution. I’m determined to help. If he resigns everything will take its course.”
It looks likely Samaras will get his way with rumours abounding that Papandreou will step down, possibly in the coming hours.
His position has appeared untenable since he declared he would hold a referendum on an EU bailout package – a move that infuriated EU partners.
Brussels says the first job of any new government will be to implement measures so it can receive the next instalment of international loans – without which Athens will run out of money by mid-December.