Greece’s Papandreou Vows to Move Ahead With Austerity Steps
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Greek Prime Minister George Papandreou said he’ll press ahead with new austerity measures after failing to win backing from the main opposition parties as he races to keep bailout funds flowing and avoid default.
Antonis Samaras, leader of Greece’s biggest opposition party, New Democracy, rejected the plan at a meeting with Papandreou and other opposition leaders in Athens, saying his party wouldn’t be blackmailed. Papandreou said he will go ahead with the measures even while continuing to seek support and ruled out early elections.