News18 » Videos » News18 Shorts

Remaining in euro is the only choice: Greek PM

Nov 15, 2011 12:41 AM IST India India
Share

Athens: Greece's new prime minister says he is determined to keep the country in the eurozone, and urged political leaders to back a written commitment for a new massive debt deal.

Prime Minister Lucas Papademos was sworn in last week to head a short-term coalition government supported by the outgoing Socialists and the rival conservatives. The technocratic government was created to secure the approval of a new massive bailout worth euro130 billion ($177 billion) from other eurozone countries and the International Monetary Fund.

Papademos presented an outline of his policies to parliament on Monday, describing Greece's membership in the 17-nation eurozone as "our only choice." He spoke hours after conservative leader Antonis Samaras defied a European Union demand to provide a written commitment to the new debt agreement.

Loading