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Greek PM urges firm EU backing over debt problems

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Greek PM urges firm EU backing over debt problems


The EU has been urged to give Greece firm support to reassure markets and help resolve its financial crisis.

The country’s premier George Papandreou made the plea at the European Parliament, ahead of a summit at which concrete measures may be set out.

“We are not asking for money from Germans, French or Italians, or other workers or taxpayers,” he said. “What we are saying is that we need the strong political support in order to make these necessary reforms and making sure that we are not going to pay more than necessary.”

The call for greater backing came the day after a fresh sign of German reticence to bail out Athens.
Chancellor Angela Merkel urged a change in EU rules, so that members repeatedly breaking its economic guidelines can be expelled from the euro zone.

Preferring not to ask the IMF for financial aid, Greece aims to cut its deficit with austerity measures but they have sparked street protests and a series of strikes.

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