Monday, December 6, 2010

No room for Greek error to keep loan

AFP/Yahoo News
December 5, 2010

Greece can afford no delay to a painful shakeup of its debt-burdened economy in order to maintain a loan lifeline from the EU and the International Monetary Fund that keeps the country afloat, the Greek finance minister said on Sunday.

"We cannot afford to lag behind (with reforms), not only in the next quarter but in any quarter," George Papaconstantinou told To Vima newspaper in an interview.

"Not only because we endanger the country's financing but mainly because the country and society allow no more time for delay in doing what is necessary to overcome the current deadlock," he said.

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