Monday, April 21, 2014


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New Greek PM Says Implementing EU Accords 'Main Task'

New Greek Prime Minister Lucas PapademosNew Greek Prime Minister Lucas Papademos
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New Greek Prime Minister Lucas Papademos
New Greek Prime Minister Lucas Papademos
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Greece's new prime minister says the main task of his interim government is to implement EU agreements on a debt rescue package, warning that the country's participation in the eurozone was at stake.

Lucas Papademos was speaking in his first address to parliament since taking as head of a national unity government, opening a debate that will culminate in a vote of confidence in his role on November 16.

He said Greece had made progress on its dire finances but more still needed to be done.

He said estimates put the deficit at "around nine percent" of gross domestic product (GDP) in 2011, down from 15.7 percent in 2009 and 10.6 percent in 2010, but warned that public debt was increasing.

compiled from agency reports
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