News24

Greece staying in euro is only choice

2011-11-14 22:30

Athens - Greece's new prime minister says he is determined to keep the country in the eurozone, and urged political leaders to back a written commitment for a new massive debt deal.

Prime Minister Lucas Papademos was sworn in last week to head a short-term coalition government supported by the outgoing Socialists and the rival conservatives. The technocratic government was created to secure the approval of a new massive bailout worth €130bn from other eurozone countries and the International Monetary Fund.

Papademos presented an outline of his policies to parliament on Monday, describing Greece's membership in the 17-nation eurozone as "our only choice".

He spoke hours after conservative leader Antonis Samaras defied a European Union demand to provide a written commitment to the new debt agreement.

Comments
  • Paul - 2011-11-15 07:30

    Well you can't bite the hand that feeds you!

  • pages:
  • 1