Greek PM says more spending cuts needed

Greek Prime Minister George Papandreou says the government is ready to take even tougher decisions to save the country from bankruptcy.

George Papandreou, Greek Prime Minister, said, "Today we must make tough and difficult decisions that in some cases are even unfair. This is not a choice it is a necessity. We must do everything to put our house in order alone. The rest of Europe is not to blame for our debts. We must show that we are determined to do this without a shadow of a doubt so that we can show what Greece is, and what it is capable of."

Greek prime minister George Papandreou addresses Socialists lawmakers at the Greek Parliament in Athens, on Tuesday, March 2, 2010. (AP Photo/Thanassis Stavrakis)