Bloomberg News

Papandreou Says Oct. 26 Pact Definitive Accord for Future

November 04, 2011

Nov. 4 (Bloomberg) -- Prime Minister George Papandreou said the financial aid pact agreed by European leaders on Oct. 26 is a definitive accord for the future of Greece.

“The pact guarantees Greece in the euro, it guarantees deposits while pension funds will be more robust,” Papandreou told lawmakers in parliament in comments televised live on state-run Vouli TV before a confidence vote. “The agreement does not imply a 50 percent reduction in salaries and wages, it gives us an opportunity to rebuild our country.”

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Stephen Foxwell at

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