Greek PM says default would lead to "chaos"

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ATHENS, Greece (AP) -- Greece's prime minister is promising an end to the country's recession next year and better-than-expected budget figures in 2012 if crucial debt-relief deals are accepted.

Lucas Papademos said the €130 billion ($170 billion) new bailout and a related debt-reduction deal with private creditors would help Greece deliver 4.5 percent primary surplus in 2012 -- better than an earlier official prediction of 1.1 percent of gross domestic product.

Papademos called an emergency Cabinet meeting Friday to face down dissent with in his coalition government against new austerity measures. He warned that disorderly default would trigger "economic chaos and a social explosion."