Greece talks under way in bid to avoid bankruptcy

November 6, 2011 - 7:30 AM
Greece Financial Crisis

Greece's Prime Minister George Papandreou pauses during a meeting with Greek President Karolos Papoulias, at the presidential house in Athens on Saturday, Nov. 5, 2011. Embattled Greek Prime Minister George Papandreou launched efforts to form a four-month coalition government, arguing the move is vital to demonstrating Greece's commitment to remaining in the eurozone.(AP Photo/Kostas Tsironis)

ATHENS, Greece (AP) — A Greek official says talks are under way on the formation of a temporary coalition government to ensure the country doesn't go bankrupt in the next few weeks. But the main opposition party says it's not part of the discussions.

Government spokesman Elias Mossialos told state television that talks have begun and that the name of the new prime minister should be known by Monday, in which case Prime Minister George Papandreou would resign.

Mossialos later told The Associated Press that his remarks regarding a new premier expressed "a personal wish" and are not an official announcement.

Conservative opposition leader Antonis Samaras is meeting with Greek president Karolos Papoulias, but his party denies any talks are under way with the Socialists.