Greek Prime Minister George Papandreou
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Bailout 'building a new Greece' - PM Papandreou

Greek Prime Minister George Papandreou said his Pasok (Socialist) government was committed to pushing the austerity plans through parliament to "build a new Greece".

Mr Papandreou also confirmed that he had no intention of leaving the euro as it would result in "immediate default".

EU leaders have urged all Greek politicians to support new spending cuts and tax hikes, saying there is no alternative if debt-laden Athens is to qualify for a second massive bail-out.

  • 24 Jun 2011
  • From the section Europe
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