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Euro implies environment of monetary stability: Greece PM

Speaking exclusively to CNBC's Michelle Caruso-Cabrera, Greece Prime Minister Lucas Papademos said negotiators are close to reaching a mutually acceptable agreement with private creditors.

January 17, 2012 / 08:56 IST
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For Greece, it's a critical week.


The troika of the European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF) officials are on their way to their quarterly mission to review the progress on the debt deal and austerity measures for the beleaguered nation.
The troika is seeking to put pressure on Athens and its creditors to agree to a deal that would eventually result in Greece's national debt falling from 180% to 120% of GDP. If an amicable deal isn
first published: Jan 16, 2012 09:47 pm

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