Greece warns bailout rebels of unknown, dangerous path

By REUTERS
February 11, 2012 12:45

 
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ATHENS - The Greek government told rebellious lawmakers on Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation down "an unknown, dangerous path" to default and international economic isolation.

Officials hammered home the message that Greece's future in the euro was at stake, and dismissed any suggestion that leaving the common currency offered an easy way out of Greece's more than two year crisis.

In theory the coalition of Prime Minister Lucas Papademos has a huge majority, which should ensure that parliament on Sunday approves a package including a further 3.3 billion euros in budget cuts this year, which is needed to ensure a 130 billion euro bailout.

However, six members of his cabinet have already resigned over the deep austerity measures which the European Union and International Monetary Fund are demanding as the price of the funds, which Greece needs by next month to avoid bankruptcy.

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