This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-16385792

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Greece warns on euro exit if bailout not signed Greece warns on euro exit if bailout not signed
(40 minutes later)
Greece may have to leave the eurozone if it fails to secure a second 130bn euro bailout ($169.5bn, £108.7bn) from the EU, IMF and private lenders, a government spokesperson has warned. Greece may have to leave the eurozone if it fails to secure its latest bailout from the EU, IMF and banks, a government spokesperson has warned.
"The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro," spokesman Pantelis Kapsis told Skai TV."The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro," spokesman Pantelis Kapsis told Skai TV.
The government faces public opposition to the measures demanded by lenders. The government is struggling with public opposition to new austerity measures, demanded by lenders.
It has warned the alternative would be euro exit and financial chaos. Analysts suggest the warning is designed to win support for the moves.
The latest bailout was agreed in principle by EU leaders in October, conditional on Greece adopting further measures to cut its deficit and restructure its economy. EU visit
EU, International Monetary Fund and European Central Bank inspectors are due in Athens later in January to agree details of the bailout plan. The Greek Prime Minister, former central banker Lucas Papdemos, is due to address the nation in the next few days to try to win support for new spending cuts and structural reforms.
Greece's parliament approved the measures for this year in early December. The latest 130bn-euro bailout ($169.5bn, £108.7bn) was agreed in principle by EU leaders in October, conditional on Greece adopting further measures to cut its deficit and restructure its economy.
EU, International Monetary Fund and European Central Bank inspectors are due in Athens later in January to review progress.
More austerity
Figures on Greece's public deficit for 2011 are expected later this month with some economists expecting the deficit to be wider than first thought.
Greece's parliament approved its latest batch of austerity measures, including tax rises and spending cuts, in early December following the formation of an interim government led by Mr Papademos.
However more measures are now expected to be needed.
"Not all reforms have been voted on, so the government is trying to give the message that we have to speed up the process. The message is people [should] tolerate [the changes] because the alternative is very serious," said Professor Nickolaos Travlos, dean of the ALBA Graduate Business school in Athens.
"I do believe the majority of the Greek population want the country to stay in the eurozone," he added.
ProtestsProtests
The budget, which includes further tax rises and spending cuts, was proposed by the interim coalition government of former bank governor Lucas Papademos. New measures are expected to include a further reduction in pensions, public sector job cuts and cuts to social programmes and healthcare costs along with labour market changes and privatisations.
But protests against the measures have continued in Athens. But protests against the measures have continued.
On Monday, Greek doctors and pharmacists went on strike in the country's first walkout of the new year.On Monday, Greek doctors and pharmacists went on strike in the country's first walkout of the new year.
State hospital doctors have said they will treat only emergency cases until Thursday, in protest at changes to healthcare provision.State hospital doctors have said they will treat only emergency cases until Thursday, in protest at changes to healthcare provision.