The crisis in Greece took another step forward today as opposition leader have asked Greek Prime Minister George Papandreou to step down.
In response, Papandreou offered to resign. Unfortunately, Papandreou placed strings on the offer.
Party Defections Reduce Papandreou's Majority to 4 Votes
Papandreou's majority in parliament is a mere 4-5 votes out of 300. In recent days members of his socialist PASOK party have defected over austerity measures.
With a slim and potentially vanishing majority, Papandreou is not in a position to be demanding much of anything. Indeed, his offer to resign with strings attached, increases the likelihood he will be forced out with no strings attached.
Please consider Greek Prime Minister Papandreou said to be told by opposition to step down