Find
Friday, 11 November 2011
REUTERS - Greece PM to name crisis cabinet, euro zone shudders, Nov 11, 2011
"(Reuters) - Greece's prime minister designate will name a new crisis cabinet Friday to roll out painful austerity measures and calm the political turmoil that has threatened to bankrupt Athens and force it out of the euro zone.
Greece's two main parties agreed to make Lucas Papademos head of a new unity government Thursday, ending a chaotic search for a leader to save the country from default.
With a political battle raging in fellow euro member Italy over a similar national unity government, Papademos must now fulfill the terms of a 130 billion euro ($177 billion) bailout plan aimed at keeping Greece solvent."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment