Greek PM: Survival of nation at stake
Greek Prime Minister George Papandreou has told lawmakers that the "survival of the nation" is at stake in debt negotiations with the EUn and the IMF.
Friday, 30.04.2010.
15:06
Greek Prime Minister George Papandreou has told lawmakers that the "survival of the nation" is at stake in debt negotiations with the EUn and the IMF. Greek is negotiating the terms of a 45 billion-euro ($60 billion) EU-IMF financial bailout that Athens says is needed by May 19 to avoid defaulting on maturing debts. Greek PM: Survival of nation at stake EU Commission President Jose Manuel Barroso said today he was confident negotiations will be completed in coming days. Barroso said the commission, which is negotiating the agreement with Greece on the EU's behalf, "is making solid and rapid progress" with the European Central Bank, the IMF, and the Greek government "to finalize the Greek adjustment program that will reverse the debt spiral of Greece and restore its overall economic competitiveness." On April 29, Greek police battled protesters in downtown Athens objecting to austerity plans. The bailout is deeply unpopular in Greece, because of the harsh conditions protesters say it will impose on ordinary people. The country is bracing for a wave of strikes and work stoppages in the coming days, including a general strike on May 5.
Greek PM: Survival of nation at stake
EU Commission President Jose Manuel Barroso said today he was confident negotiations will be completed in coming days.Barroso said the commission, which is negotiating the agreement with Greece on the EU's behalf, "is making solid and rapid progress" with the European Central Bank, the IMF, and the Greek government "to finalize the Greek adjustment program that will reverse the debt spiral of Greece and restore its overall economic competitiveness."
On April 29, Greek police battled protesters in downtown Athens objecting to austerity plans.
The bailout is deeply unpopular in Greece, because of the harsh conditions protesters say it will impose on ordinary people.
The country is bracing for a wave of strikes and work stoppages in the coming days, including a general strike on May 5.
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