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Updated Monday, November 7, 2011 0:14 am TWN, By Richard Carter ,AFP

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Hopes rise for solution to Greek political drama

ATHENS -- A breakthrough in Greece's damaging political stalemate seemed increasingly likely Sunday as the opposition leader said a deal on a unity government was possible if Prime Minister George Papandreou resigns.

Amid dire warnings that the country is about to run out of cash and growing anger at the squabbling, Antonis Samaras said the debt-wracked country had to give a message of stability to the outside world.

“As long as Papandreou has not decided what he wants to do, it is blocking any solution,” said Samaras, head of the center-right opposition New Democracy party.

“I have decided to help. If he resigns, everything will follow its course,” Samaras said after a brief meeting with President Carolos Papoulias designed to break the deadlock.

“We need to send a message of stability and confidence to the outside world and stability and normality domestically,” Samaras said in a televised exchange with Papoulias.

“Everyone needs to assume their responsibilities,” Samaras added.

Papoulias replied: “You said what I wanted to hear.”

Papandreou — who has indicated he is prepared to step aside for the good of the country — was set to hold an emergency Cabinet meeting at 4:00 p.m. (1400 GMT).

Talks over forming a unity government Papandreou says is vital to pass a much-needed EU bailout plan and keep Greece in the euro have also been bogged down over the issue of elections.

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