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TICK-TOCK Greek PM Begs for Bailout Chip East, Reuters / Landov

Greek PM Begs for Bailout

In an emergency meeting with his coalition government, Greece's Prime Minister Lucas Papademos warned his cabinet that their time is running out to decide on a debt deal. "We cannot allow Greece to go bankrupt," he said in the meeting. In a televised statement, he added that whoever disagrees with the new deal "cannot remain in the government." Global stocks declined sharply this morning as investors anxiously awaited the still-elusive deal.

 

February 10, 2012 4:15 PM