June 19, 2011
George Papandreou, Greece’s prime minister, has implored parliament to back his new government as eurozone finance ministers prepared to seek agreement among themselves on the structure of a new €120bn ($172bn) bail-out for the beleaguered country.
Mr Papandreou appealed for cross-party support to tackle Greece’s financial crisis, warning that the country “will quickly run out of funds” if it is unable to draw down a €12bn loan tranche as expected next month.
He spoke as supporters of the “Indignant Citizens” movement encamped outside the parliament building were gathering to protest against a fresh austerity package agreed with the European Union and the International Monetary Fund in return for another loan.
“The country finds itself at a critical crossroads ... so I am seeking a national consensus to address the problems of the debt and the budget deficit,” the premier said. “Our problems won’t be solved by sending away the IMF or our European partners” as anti-austerity protesters have demanded.
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