“Prime Minister George Papandreou said Friday that ‘the time has come’ for Greece to request aid under a joint European-International Monetary Fund bailout mechanism following months of turmoil in Greek financial markets.
‘The time has come,’ Papandreou said in televised comments from the island of Kastellorizo. ‘It is a necessity. It is a national and pressing necessity for us to officially request from our partners the activation of the support mechanism.’
The statement comes three days after Greece formally began talks with European and IMF officials over the technical details of a joint loan package announced by European leaders late last month.” Read more.
Alkman Granitsas and Costas Paris
Fox Business, April 23, 2010.
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