Vital for Greece to stay within the eurozone

Greece's new coalition cabinet and Prime Minister-designate Lucas Papademos are due to be officially sworn in, after a week of political chaos. The new government's most pressing task is to approve Greece's recent EU bailout package and avoid bankruptcy.

Mr Papademos, who is not an elected MP, has said his priority will be to keep Greece in the eurozone. He is tasked with putting the debt-laden country back on track until elections, probably in February.

Outgoing Prime Minister George Papandreou was forced to step aside after a disastrous call for a referendum on the eurozone rescue package.

The referendum plan was dropped within a few days, but not before sparking a financial and political crisis that threatened to engulf the eurozone.




Full Story

No comments:

Post a Comment