Bloomberg News

Greek PM Papademos Requests Default Report, Pasok Spokesman Says

February 07, 2012

(See EXT4 <GO> for more on the euro-area debt crisis.)

Feb. 6 (Bloomberg) -- Greece’s Prime Minister Lucas Papademos requested the country’s Finance Ministry to prepare a document on the implications of a Greek default, Panos Beglitis, spokesman for the socialist Pasok Party said.

The Prime Minister yesterday told the leaders of the three political parties supporting his interim government that he asked the Ministry “to record accurately and realistically all the consequences of the country’s exit from the euro zone,” Beglitis said today in an interview with Radio 9, according to a transcript of his comments e-mailed from the Athens-based offices of Pasok.

“It’s an important initiative because the Greek people should know exactly what consequences a bankruptcy and euro zone exit would have and thereby take their responsibility,” Beglitis said.

Papademos will tomorrow confer with George Papandreou, leader of Pasok, the biggest party in parliament, Antonis Samaras, head of the second-biggest, New Democracy, and George Karatzaferis, leader of the Laos party, to hammer out details for an accord framework to meet conditions of a 130 billion-euro (170 million) bailout. A tentative consensus was reached among the leaders at a meeting yesterday.

--Editor: Zoe Schneeweiss

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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