Greek PM deal falls through

Greece’s political crisis deepened on Wednesday after a deal to give the premiership to the speaker of parliament fell through at the last moment, reports the FT. Philippos Petsalnikos, speaker of parliament and a former justice minister, was poised to become premier, having emerged as a compromise candidate after fierce infighting inside the PanHellenic Socialist Movement over the candidacy of Lucas Papademos, a former ECB vice-president. But George Papandreou, the departing Socialist prime minister, reportedly reintroduced Mr Papademos’s candidacy, along with that of Evangelos Venizelos, the finance minister. The presidency said another meeting would be held at 10am on Thursday.