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Sarkozy: a Greek failure would be a European failure

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Sarkozy: a Greek failure would be a European failure


Europe has a moral obligation to help Greece. Those were the words from the French President after a meeting in Paris with the Greek Prime Minister, as Europe struggles to find a united voice on the bloc’s debt crisis.

The French President says he will meet the German Chancellor in the coming days to discuss Europe’s handling of the crisis.

Nicolas Sarkozy said: “The failure of Greece would be a failure of the whole of Europe. There is no other credible alternative. Yes, there is a moral obligation of solidarity. But there is also an obligation for economic solidarity. It is not possible to leave Greece behind.”

Amid continuing talk that a Greek default is inevitable, the country’s prime minister repeated the message he has been stressing for weeks.

“Greek people are determined to make the necessary changes,” said George Papandreou. “We are making the sacrifices and we will live up to our part of the decisions we’ve taken. Our responsibilities, making all the necessary reforms, first of all because we want to change Greece and make Greece a competitive, socially just and transparent country.”

As protests against further austerity measures continue in Athens, from student groups to civil servants, a beefed-up eurozone rescue fund is closer to reality. Austria is the latest country to approve the plan.

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