EU must provide more rescue loans, says Greek prime minister

GREECE has done its part and now the European Union must provide more rescue loans, Greece’s prime minister declared yesterday after days of anti-austerity riots in Athens and fierce political battles in parliament.

George Papandreou described votes this week to implement measures worth €28 billion in savings and €50bn in government asset sales as “patriotic decisions to save our country”.

“Greece has delivered on a very difficult challenge, so it is time for Europe — but also the world — to also deliver,” Papandreou told an international conference of socialists meeting at a seaside resort near Athens.