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Greek order and crisis aid at EU summit

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Greek order and crisis aid at EU summit


The first thing Greek Prime Minister George Papandreou said on arrival at the EU summit in Brussels was: “Greece has taken very important measures: we are determined to put our own house in order.”

The European Union’s leaders are mostly expected to discuss Greece at this meeting. Heavy hitters Berlin and Paris handed Herman van Rompuy, the president of the European Council, a plan to go through with the 27 members of the bloc.

The implications of the Greek debt crisis for other governments with similar problems is expected to dominate the summit. Bankruptcy for a eurozone member would mean a loss of face for the whole EU. Yet untill now the leaders have been divided over how to help. Athens needs 20 billion euros by April for refinancing.

Euronews correspondent in Brussels Sergio Cantone said: “There is still an important detail: when would Greece have access to any aid? Athens wants it as fast as possible, but countries with more belief in strictness want to wait till the Greeks make another effort to face the financial markets alone.”

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