June 19, 2011

Papandreu Warns against Consequences of Bankruptcy in Greece

Athens, Jun 19 (Prensa Latina) Greek Prime Minister Yorgos Papandreu warned Sunday against the consequences of an possible "disordered bankruptcy" for the credibility of Greece and its banks.

Papandreu asked the parliament to support his unpopular plan of additional budget cuts, after warning that the country was at a critical crossroads and bankruptcy would cause a catastrophe. Read more.