Greek PM warns austerity needed to avert 'catastrophe'
- Published: 12/02/2012 at 06:32 AM
- Online news: World
Greek Prime Minister Lucas Papademos on Saturday urged parliament to pass painful austerity measures demanded by creditors, warning of "economic and social catastrophe" if it doesn't.
Protersters gather in front of the Greek parliament. Thousands of protestors massed in Greece under heavy police watch Saturday after the government approved unpopular budget cuts to get vital rescue funds and avoid the "chaos" of a default.
The legislature in crisis-weary Greece will be asked Sunday to approve budget cuts demanded by the EU and IMF in return for a 130-billion-euro ($171 billion) rescue package that Athens needs to avoid default in March.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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