Greek PM Begs for Bailout

    Image #: 7159940    Lucas Papademos, Vice President of the European Central Bank, speaks at the Emerging from the Financial Crisis annual conference, held at Columbia University, in New York, February 20, 2009.  REUTERS/Chip East /Landov

    Chip East, Reuters / Landov

    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.


    Read it at Reuters