Economics

PM: European 'Marshall Plan' for Greece

The eurozone heads of state and government late Thursday in Brussels agreed a new 109 billion euro support programme for Greece supported by the International Monetary Fund (IMF) and with the voluntary contribution of the private sector to "fully cover the financing gap", over which Greek prime minister George Papandreou expressed full satisfaction, calling it a "European 'Marshall Plan'" for the country.

PM: Greece will not go bankrupt

Greece will not go bankrupt," Prime Minister George Papandreou stressed in an interview printed in the Sunday issue of "Kathimerini", adding that the government was currently in the process of trying to find a long-term solution to make Greece's debt manageable.

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