ATHENS (Reuters) - Debt-stricken Greece appealed to its European partners and the IMF for emergency loans on Friday, yielding to overwhelming market pressure to set in motion the first financial rescue of a member of the euro zone.
Prime Minister George Papandreou asked to tap the 45 billion euro ($60.5 billion) package after investors fearing a possible default pushed borrowing costs to record levels, undermining Athens' efforts to cut its 300 billion euro debt pile.
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