pm greece faces uncontrolled default
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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PM: Greece faces uncontrolled default

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Arab Today, arab today PM: Greece faces uncontrolled default

Athens - AFP

Greek Prime Minister Lucas Papademos on Wednesday said the country faced "uncontrolled default" in March unless unions and employers can quickly agree on labour cost cuts to boost competitiveness. At a round of meetings with social partners, Papademos said the labour issue would affect an EU-IMF evaluation of Greece's economy later this month that will determine the conclusion of a debt-saving agreement for the country.

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