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6/16/11

Greece: Leading Socialist quits ahead of reshuffle

 A prominent Socialist lawmaker has resigned his seat in parliament after the failure of power-sharing talks designed to get broader support for austerity measures.

Former public order minister Giorgos Floridis announced his resignation Thursday, hours before Prime Minister George Papandreou announces a cabinet reshuffle.

Surprise coalition talks between the government and rival conservatives collapsed Wednesday.

For more: Greece: Leading Socialist quits ahead of reshuffle - Forbes.com

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