Europe has a moral obligation to help Greece. Those were the words from the French President today after a meeting in Paris with the Greek Prime Minister, as Europe struggles to find a united voice on the bloc’s debt crisis.
Amid continuing talk of an inevitable Greek default, George Papandreou repeated the message he has been stressing for weeks.
“Greek people are determined to make the necessary changes,” he said. “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”.
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.”
Earlier this week Sarkozy said he was working on a plan for a new Franco-German approach to solving the debt crisis, but he gave no concrete details.