Greek PM vows to fight crisis
Source: Agencies |
June 17, 2011, Friday
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Print Edition
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PRIME Minister George Papandreou vowed yesterday to stay on and fight to pull Greece out of a crippling debt crisis, facing down a revolt from within his governing Socialists over widely unpopular new austerity measures.
Greece has been gripped by a major political crisis over a new five-year package of austerity measures demanded by creditors. The political turmoil reached such a crescendo yesterday that it spooked markets and forced a top European Union official to say Athens would receive enough rescue loans to avoid a summer default.
Talks to form a Greek coalition government with rival Conservatives collapsed on Wednesday, and the country's political crisis deepened yesterday as Papandreou saw two of his Socialist lawmakers resign.
"We will prevail and we will hold on. We have as a country in the past successfully faced major crises. As hard at this struggle is, we cannot run away from our fight," Papandreou said in an emergency parliamentary meeting yesterday.
"We will fight and we will win, for Greece, its people and the future of the new generations. I will serve and continue to serve the effort for broader consensus and we hope that this effort ultimately is successful," he said.
"But I have learned to battle on my own."
Greece has been gripped by a major political crisis over a new five-year package of austerity measures demanded by creditors. The political turmoil reached such a crescendo yesterday that it spooked markets and forced a top European Union official to say Athens would receive enough rescue loans to avoid a summer default.
Talks to form a Greek coalition government with rival Conservatives collapsed on Wednesday, and the country's political crisis deepened yesterday as Papandreou saw two of his Socialist lawmakers resign.
"We will prevail and we will hold on. We have as a country in the past successfully faced major crises. As hard at this struggle is, we cannot run away from our fight," Papandreou said in an emergency parliamentary meeting yesterday.
"We will fight and we will win, for Greece, its people and the future of the new generations. I will serve and continue to serve the effort for broader consensus and we hope that this effort ultimately is successful," he said.
"But I have learned to battle on my own."
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