Bloomberg News

Venizelos Says Rescue Package Approval Averted Greek Nightmare

February 21, 2012

Feb. 21 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said a “nightmare” scenario was averted today, after euro area finance ministers approved a second rescue package for Greece.

“Approval of the rescue package wasn’t a given,” Venizelos told reporters in Athens today, in comments televised live on state-run NET TV. The approval is a “significant development that gives Greece another chance.”

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

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