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Empresas y finanzas

New Greek PM Papandreou says econ situation "explosive"


    ATHENS (Reuters) - Greece's newly elected Prime Minister George Papandreou said on Friday the economic situation in the euro zone's weakest link was "explosive," requiring spending cuts to plug big budget holes.

    "The Greek people trusted us to govern at one of the most critical moments in Greece's history," he told parliament as he outlined his main policies ahead of a confidence vote on Sunday. "The situation of our economy is explosive."

    Papandreou, whose socialists won October 4 elections pledging to tax the rich and support the poor, as well a stimulus package for the slowing economy, said restoring Greece's credibility was a top priority.

    (Reporting by Dina Kyriakidou; Editing by Ingrid Melander)