Greek PM: Time for EU to wake up
Greek Prime Minister George Papandreou said Saturday it was "time for Europe to wake up" and find a conclusive solution to his nation's debt crisis.
Sunday, 17.07.2011.
10:26
Greek Prime Minister George Papandreou said Saturday it was "time for Europe to wake up" and find a conclusive solution to his nation's debt crisis. The Greek crisis threatens to undermine the eurozone. Greek PM: Time for EU to wake up Papandreou told Athens-based daily Kathimerini that Greece would not default on its huge debt and that talks were ongoing for a "long-term" resolution to the crisis, AFP has reported. "We are in the process of reaching a long-term debt breather," the Greek PM said, referring to efforts between European leaders and foreign ministers to reach a formula that will make Greece's EUR 350bn debt viable. "At this stage, there is no room for voices that cultivate fear and bank on failure," he added. George Papandreou (FoNet)
Greek PM: Time for EU to wake up
Papandreou told Athens-based daily Kathimerini that Greece would not default on its huge debt and that talks were ongoing for a "long-term" resolution to the crisis, AFP has reported."We are in the process of reaching a long-term debt breather," the Greek PM said, referring to efforts between European leaders and foreign ministers to reach a formula that will make Greece's EUR 350bn debt viable.
"At this stage, there is no room for voices that cultivate fear and bank on failure," he added.
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