Mobile | RSS | News Feeds | Facebook | Flickr | Twitter |

Greece's Papandreou retains IMF rescue option

18/03/2010

BRUSSELS, Belgium -- Greek Prime Minister George Papandreou on Wednesday (March 17th) said he would consider seeking financial assistance from the IMF if necessary. "If we find we have to take credits from the financial markets under extremely high interests to finance the Greek debt, we will look into all options," Papandreou told a press conference with European Commission President Jose Manuel Barroso in Brussels. However, he pointed out, Athens prefers an EU solution. Barroso said he already sees a change in Greece's dire economic situation, compared to just a few weeks ago, thanks to government efforts.

In Berlin on Wednesday, German Chancellor Angela Merkel told parliament there should be a mechanism to expel eurozone members that consistently break its financial rules. She reiterated that Germany plans no "rash" financial help for Greece, and said there is no alternative to the Greek austerity plan. (ANA-MPA, BBC, Xinhua, European Voice, AP - 17/03/10)

Latest News

Hague prosecutors consider combining Karadzic, Mladic trials

31/05/2011

Peter Sorensen to head EU delegation in BiH

31/05/2011

Serbian farmers protest cuts in subsidies

31/05/2011

Dacic says Serbia does not face suspension of visa free regime

31/05/2011

Privatisation plans spur more protests in Greece

31/05/2011

Kosovars convicted of drug trafficking, organised crime

31/05/2011

Kosovo's agreement with IMF at risk

31/05/2011

Albania ranks second in Europe for smoking rate

31/05/2011

Shifts cause Romania's ruling coalition to briefly lose Senate majority

31/05/2011

Turkey's Davutoglu says government cannot prevent another aid flotilla to Gaza

31/05/2011

Turkey's Erdogan visits Georgia

31/05/2011

We welcome your comments on SETimes's articles.

It is our hope that you will use this forum to interact with other readers across Southeast Europe. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While SETimes.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. SETimes.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. SETimes.com welcomes constructive discussion but discourages the use of copy-pasted materials, unaccompanied links and one-line slogans. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.

SETimes's Comments Policy