BREAKING NEWS

Greece PM says new fiscal adjustment program needed

By REUTERS

NOVEMBER 14, 2011 20:23

ATHENS - Greece's new prime minister, Lucas Papademos, said on Monday the country needed to implement a new economic program but the task would be too big for the roughly 100-day term envisioned for his national unity government.

"To continue efforts to restore the economy we need support from our European partners... and a new fiscal adjustment program," Papademos told parliament at the start of a debate that will culminate in a confidence motion on Wednesday.

Backed by Greece's two largest parties -- the Socialists of fallen Prime Minister George Papandreou and the conservative New Democracy -- plus the far-right LAOS party, the cabinet is expected to easily survive the confidence vote.

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