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Greek PM unhappy with interest on debt
New Delhi News.Net
Saturday 20th March, 2010
The Greek prime minister, George Papandreou, has warned his country may not be able to pay the interest on its debt without more commitments from the EU.
Mr Papandreou has told European legislators that Greece will not even be able to sustain its austerity plan to get out of its financial crisis without the EU agreeing to lower interest rates for borrowed money.
He has said while Greece does not need money, it does need a guarantee of lower interest rates.
Mr Papandreou's government has already started the austerity plan, which includes higher taxes and pay freezes for government workers.  Email this story to a friend
Comments on this story
curacao
03-21-10, 02:18 PM |
Lower interest rates on debt requested by Greek PM
it is time to throw the lazy Greeks out of the euro zone
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costas
03-21-10, 06:25 PM |
church
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
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