Sunday, June 19, 2011

Greek PM: Talks on new bailout package under way











Greece is talking with international creditors about a second bailout package "roughly equal" to the first euro110 billion ($157 billion) rescue it accepted a year ago, the prime minister confirmed Sunday.

George Papandreou also blamed Greece's bloated and inefficient state sector for bringing the country to its knees and vowed to effect deep changes with a fall referendum on the constitution that would make it easier to get rid of inept officials or workers.


AP