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Greece asks for activation of debt rescue

Greek Prime Minister George Papandreou made a dramatic appeal for debtrelief from the European Union and the IMF on Friday and told hiscountry it was a vital national need.

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Source: AAP


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Greek Prime Minister George Papandreou made a dramatic appeal for debt relief from the European Union and the IMF on Friday and told his country it was a vital national need.

"The activation of the (EU-IMF aid) mechanism is a national need, and for this reason I ordered the finance minister to take all the necessary steps," Papandreou said in a nationally televised address.

"Our partners will do what is necessary to offer us a safe port to allow our boat to float again ... and send a message to the markets that the European Union is not playing and is protecting the euro," he said.

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Papandreou made his appeal one day after fresh strikes over austerity measures to reduce a public deficit which has shaken the euro and sparked fears that the crisis could spread to other weak eurozone countries.


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