November 3, 2011 / 2:55 PM / 8 years ago

Exclusive: Greek PM may yield to coalition

German Chancellor Angela Merkel (L) and Greek Prime Minister George Papandreou attend a meeting of the BDI (Federational German Industries) in Berlin September 27, 2011. REUTERS/Tobias Schwarz/Files

ATHENS (Reuters) - Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.

They said the ministers involved in the deal were led by Finance Minister Evangelos Venizelos.

“He was told that he must leave calmly in order to save his party,” one source told Reuters on condition of anonymity. “He agreed to step down. It was very civilized, with no acrimony.”

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