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Greece 'will not go bankrupt', vows Papandreou

Sunday, 17 July 2011

Greece's prime minister has vowed that his country will not go bankrupt, but warned that European leaders will have to take decisive action if its worst ever debt crisis is to be contained.

Before an emergency summit of eurozone heads convened to stop debt-stricken Athens slipping into default and threatening Europe's financial stability, George Papandreou denounced the climate of fear being created by those "banking on" Greece's inability to stave off economic collapse.
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