Greece In Power Sharing Talks, Can Default Be Far Behind?

Greece's Socialist government has been in power-sharing talks with its opposition, the conservatives. This could ultimately lead to the resignation of Prime Minister George Papandreou, who has promised to resign if a bailout package is approved. As the two parties talked, riots were taking place in Greece, as more than 25,000 Greek citizens are protesting in Athens. The riots were initially peaceful, have have since turned violent, as the protesters are using weapons against police. Police are responding with tear gas in kind. The country needs to ratify a package that would allow the next round of bailout funds, or it risks defaulting on its debt, potentially leading to another "Lehman Bros." scenario. A power-sharing agreement would have Papandreou leave his position as prime minister, and the new government would re-negotiate the bailout package for the European nation. An anonymous source spoke to the