Existing users please login

Forgot Password

Home / Markets

Thursday, March 18, 2010

Greek PM Warns High Interest Rates Wiping Out Fiscal Measures

| Respond to Editor | Print

 
By Carolyn Henson
Dow Jones Newswires
     

    BRUSSELS -(Dow Jones)- High interest rates are wiping out the steps Greece is taking to reduce its debt levels, Greek Prime Minister George Papandreou said Thursday.

    Speaking at the European Parliament, the prime minister said he has spoken to the International Monetary Fund, and the steps Greece is taking are those that would have been mandated by the IMF.

    "They would ask nothing more," he said.

    "We have the worst of the IMF" without the benefits of an IMF loan, he said, adding he still would prefer a European solution.

    Copyright © 2009 Dow Jones Newswires

    Fox Business Video


    Last 5 Stocks

    Find More Stocks

    • Ticker
    • Company
    • Price
    • Change
    Powered by
     

    Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

    Advertise with us | Jobs at FOX Business Network | Internships at FBN

    Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

    Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

    This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.