Sign bailout or face euro exit, Greece warns

FRANKFURT (MarketWatch)
Greece could be forced to leave the euro if it fails to seal an agreement on a second 130 billion euro ($169.5 billion) bailout from the European Union, International Monetary Fund and private bond holders, a government spokesman warned Tuesday.
"The bailout agreement has to be signed, otherwise we will be out of the markets, out of the euro," the spokesman, Pantelis Kapsis, told Skai TV, according to a BBC report.
The agreement has faced sharp domestic criticism. European leaders agreed in principle last October on a new bailout plan for the country. EU, IMF and European Central Bank officials are set to arrive in Athens in mid-January to work out details of the plan.