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Greek PM: "Budget crisis is like a war situation"

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United Kingdom
03/02/2010 08:17 PM
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Greek PM: "Budget crisis is like a war situation"
Greek Prime Minister George Papandreou has likened the country's budget crisis to a "wartime situation".

He said Greece was at risk of bankruptcy if it did not take radical extra measures to cut its debts.

The comments come as Mr Papandreou is due to announce further big budget cuts following the pressure from the EU.

The government in Athens has pledged to reduce its deficit from 12.7% - more than four times eurozone rules - to 8.7% during 2010.

It also also seeking to reduce its 300bn euros ($419bn; £259bn) debt.
 Quoting: [link to news.bbc.co.uk]

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