Wednesday, March 10, 2010

Giorgos Papandreou drives a hard bargain with Obama

After hours of tough negotiation the Greek prime minister, Giorgos Papandreou was happy to announce the full support of US president Obama for Athens's plan to combat speculators and raise new funds on the international finance markets.

Papandreou said that the sale of the island of Crete was a small price to pay for ensuring the country's future and continued economic well-being. Whilst he anticipated that there would be some adverse public reaction, he was sure that Greeks would understand the need for sacrifices at this crucial juncture in the nation's history.

Rumours that the German Bundersband was interested in acquiring a controlling stake in Rhodes were dismissed by Greek minister for Culture and Tourism Pavlos Geroulanos as "idle speculation."

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