05 Jun '11, 12am

Greek minister warns bailout doubters of dire risks: ATHENS ? A GREEK cabinet minister warned fellow Socialists

ATHENS ? A GREEK cabinet minister warned fellow Socialists on Saturday to support a new international bailout and austerity deal, or risk pushing the nation into early elections ? and over an economic cliff. A pro-opposition newspaper accused the government of submitting Greece to new 'occupation' by agreeing with the European Union and IMF on Friday on a second financial rescue in a year, under which the lenders are demanding tough conditions. Even before Athens agreed terms on the outline new deal ? which still has to be approved by euro zone finance ministers and the IMF's board ? backbench lawmakers from the ruling Pasok party were expressing unease about the consequences. But Interior minister Yannis Ragousis suggested that rocking the boat on a deal that has yet to be sealed could provoke early elections, producing a dangerous political stalemate as the country battl...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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