Greek Prime Minister George Papandreou will name a new cabinet Friday to muster support for painful economic reforms, despite public unrest and a split in his party that could push the country closer to default.
He is likely to jettison Finance Minister George Papaconstantinou, author of a belt-tightening program that has fuelled public anger, national strikes and a violent demonstration this week on the steps of parliament.
He delayed announcement of the new team late Thursday in what looked like a signal he was struggling to find a suitable person for the key financial post.
The political upheaval has pounded markets and drawn criticism from other European Union states, where policymakers dithered over how best to keep funding Greece and forestall a "credit event" that could cause global economic havoc.
Reuters
