Greece: Merkel and Sarkozy urge bail-out

Gerald · 06-17-11, 03:27 PM

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

06-17-11, 03:27 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	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 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie