Bloomberg News

Papademos Says Greeks Want to Remain in Euro Area, Official Says

February 20, 2012

Feb. 20 (Bloomberg) -- Greek Prime Minister Lucas Papademos told euro area finance ministers that approval of a second rescue package for Greece will boost confidence and reduce uncertainty felt by Greeks in their economy, a government official said.

The new economic plan, which includes austerity measures in return for a debt writedown and loans, will help restore competitiveness, the Greek premier told the ministers, according to the official. Papademos underlined the plan was supported by a two-thirds majority in the Greek parliament and by the two biggest political parties, said the official, who declined to be named.

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

American Apparel's Future

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus