
Greece's new Prime Minister Lucas Papademos has said Greek party leaders should provide a written commitment to new austerity measures. This comes amid growing EU demands for party leaders to pledge written support for Greek budget cuts as a conditon for the next installment of aid to the country. Speaking at a news conference with European Commission President Jose Manual Barroso in Brussels, Papademos told reporters he was convinced that Greece would be able to achieve its financial objectives over a relatively short period of time. Lucas Papademos, Greek PM, said, "The task ahead of us is a Herculean one, one could even use other adjectives in order to show how challenging it will be to achieve the objectives and carry out the task of this government. But I am convinced that the new government, supported by the Greek people, will be able to achieve its objective over the relatively short period of time ahead of us." However, while a signed letter has been repeatedly demanded by the European Union as a preconditon for the disbursement of a vital 8 billion Euro tranche from the first bailout, the Greek conservative New Democracy Party leader Antonis Samaras has said he would not provide it. Barroso said that the situation in Greece was perhaps at its most critical than at any time in the last 18 months. Information provided by cctv.com Thank you www.cctv.com To watch CCTV News 24 live news feed click here: english.cntv.cn www.youtube.com
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