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Greek PM calls for action on speculators

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Greek PM calls for action on speculators


As Greece prepares for more protests against the government’s austerity measures, the country’s prime minister is calling on the US to crack down on financial speculators.

Greece’s current budget deficit is more than four times higher than the limit set for the 16 nations that share the euro.

George Papandreou claims “unprincipled” speculators are making billions of euros every day by betting on a Greek default .

He has been holding talks with US Secretary of State Hillary Clinton and is due to meet President Barack Obama later today when he is expected to raise the issue.

Various protests have been held in Greece as part of a campaign of strikes and stoppages.

Union leaders say ordinary people are being unfairly burdened as the government seeks to reduce its huge deficit.

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