Friday, February 25, 2011

GREECE - A month to find a solution to the crisis

"A global agreement between members of the EU is imperative March 25 in Brussels, the European Council. Otherwise, things will become very difficult in Europe and Greece," said Prime Minister George Papandreou yesterday by stock of the situation to the German Chancellor Angela Merkel, almost a year after the austerity plan.

"Europe has a responsibility," he said, and "we must end this story, turn the page and not find themselves again facing a crisis like we went through for months." For Prime Minister, the challenge is primarily the extension of the repayment of the loan of 110 billion euros granted by the EU and the IMF.

This option is "scheduled", "but it is reasonable not to take hasty decision, we have to prefer a comprehensive response. And this is better for Greece." But Angela Merkel, his eyes fixed on the electoral defeat of his party in regional elections in Hamburg last Sunday, has refused to make now a solution to the overall problem of the euro area, including the "Greek problem" part.

Result, "everything is still on the table." Read more on Presseurop. eu ...

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