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Old 06-17-11, 03:27 PM   #1
Gerald
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Greece: Merkel and Sarkozy urge bail-out

The leaders of Germany and France have said that they want a new rescue package for debt-laden Greece to be agreed as soon as possible.

Angela Merkel and Nicolas Sarkozy were speaking after Greece's Prime Minister George Papandreou announced a cabinet reshuffle.

The changes include a new finance minister, Evangelos Venizelos.

Mr Papandreou wants to impose political stability as Greece awaits approval for the next tranche of bail-out money.

"We are facing the greatest threat our country has experienced in recent decades," he told his new cabinet.

Mrs Merkel and Mr Sarkozy met in Berlin after a public disagreement between their governments over whether private investors should be forced to assume a greater burden to resolve Greece's debt crisis.

http://www.bbc.co.uk/news/business-13809433


Note: 17 June 2011 Last updated at 18:32 GMT
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