Greece Calls for Activation of Financial Rescue Package
New York Times
April 23, 2010
"Describing his country’s economy as 'a sinking ship,' the Greek prime minister formally requested an international bailout on Friday, an unprecedented step that will test the bonds of the European Union.
"In a nationally televised address, Prime Minister George Papandreou said two waves of austerity measures introduced by the government over the past few months “had failed to convince the markets” that Greece would get its finances under control or be able to avert defaulting on a mountain of debt."
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