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Greek rivals hammer out power deal
Rival Greek political parties were hammering out a critical power-sharing deal yesterday to secure a €130 billion (Dh656 billion) rescue package - but markets remained wary and European leaders kept up pressure by holding back a vital bailout loan. - The Socialist prime minister, George Papandreou, and the conservative leader, Antonis Samaras, former college roommates in the US, held fresh negotiations by phone hours after reaching the landmark agreement to form a coalition for the next 15 weeks. The new administration's main job would be passing the new bailout package - agreed by international creditors on October 27 - before holding early elections.