Bloomberg News

Greece’s Papademos Says in Final Phase of Talks on Funding Plan

February 03, 2012

Feb. 3 (Bloomberg) -- Greek Prime Minister Lucas Papademos said the country is in the final stretch of negotiations for a second financing program that will place the economy on a sounder footing.

“We are in the final phase of this very critical process to shape a new financing program for Greece and to complete the loan agreement which will lighten the burden of public debt and ensure funding for years to come,” Papademos said in a statement posted on his website. The plan will help “restore fiscal stability, improve competitiveness, revive the economy and increase employment,” he said.

To contact the editor responsible for this story: Maria Petrakis at

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