Greece’s Prime Minister Appeals for Bailout Tranche

It seems that the lingering threat over the future of Greece is nearing its final stage, as this week would make the picture clear when the European nations would take a final vote on extending another tranche of bail out.

In order to garner votes in favor, Greece’s Prime Minister George Papandreou assured German industrialists that they would do their best to bring about positive reforms for the growth of the country.

Even Mr. George Papandreou visited Germany to garner support for its country who has been reeling under short of funds for a long time. The Greece crisis has gone to an extent that markets across the works crumbled like pack of cards recently, as bigger countries like Italy and Spain also got into the mess.

For any other country, it might be another case, but for Greece it’s nothing short of a rebirth.

“I can guarantee that Greece will live up to all its commitments. I promise you we Greeks will soon fight our way back to growth and prosperity after this period of pain”, said George Papandreou, while making an honest plea to Germany for extending support in their favor.

Though the plea made an impact on few nations, it would be interesting to see how Germany would rescue the country which would have to do scathing cuts spending if it’s being given the extended tranche.


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