Thursday, July 14, 2011

Greece PM says second bailout needed urgently

(Reuters) - Greek Prime Minister George Papandreou said the euro zone and International Monetary Fund must quickly approve a second bailout for his country to avoid its economic reform plans collapsing, a German newspaper reported.

"The current mood doesn't help us to get through this crisis," Papandreou told the Financial Times Deutschland, in a brief preview of an interview to be published in the paper's Thursday's edition.

"This uncertainty scares investors. If we don't get a decision soon supporting the second Greek programme so that the country can begin its far-reaching reforms, the programme itself could be held up."........read on

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