Greek PM to hold coalition talks

Embattled Greek prime minister George Papandreou is now preparing to start talks to try to form a four-month coalition government, aimed at securing continued rescue funds for the near-bankrupt eurozone country.

Mr Papandreou is due to meet President Karolos Papoulias hours after winning a confidence vote in the Socialist-led parliament on a pledge that he was willing to step aside and form a cross-party caretaker government.

However, it remains unclear whether the main opposition conservatives and other parties will take part in the talks and abandon their demand for a snap general election.