GREEK FINANCE MINISTER SAYS TURNING FOR HELP WOULD SEND ‘WORST POSSIBLE SIGNAL’
By Daniel at 9 February, 2010, 2:02 pm
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Greek’s finance minister has said that turning for outside help to solve its debt problems would send “the worst possible signal.”
Telegraph.co.uk 09 Feb 2010
Speaking in a television interview with Bloomberg, Mr Papaconstantinou said that “the worst possible signal which we could send out is one calling for outside help.”
He added that the country will “tackle the deficit.” Greece has pledged to bring its deficit down to 3pc of its gross domestic product from 12.7pc this year to avoid being engulfed by ever greater interest payments. Financial markets remain unsure whether Greek voters will be prepared to stomach the austerity measures and public spending cuts required.
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