March 19, 2012 - 16:06 AMT
Greek Finance Minister quits to lead party to elections

Greek Finance Minister Evangelos Venizelos said on Monday, March 19, he was resigning as expected to lead the Socialists to general elections, one day after taking over the helm of the party, Reuters reported.

"We have elections ahead and I had this morning the opportunity in a farewell meeting at the finance ministry to give my last instructions," Venizelos told reporters after meeting Greek President Karolos Papoulias.

The snap general election in crisis-stricken Greece is expected to take place at the end of April or early May. PASOK is badly trailing the conservative New Democracy in opinion polls.