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March 1, 2010

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Tough talks on Greece's debt crisis

THE European Union's financial affairs chief travels to Athens today to discuss with Greek officials their country's debt crisis and their efforts to enact painful austerity measures to curb public spending.

EU Monetary Affairs Commissioner Olli Rehn will have talks in the Greek capital with, among others, Deputy Premier Theodorus Pangalos, Finance Minister George Papaconstantinou and George Provopoulos, the governor of the Bank of Greece, the European Commission said on Saturday.

His visit caps days of hectic international negotiations.

Last Friday, Greek Prime Minister George Papandreou held talks with the head of Germany's biggest bank and US President Barack Obama discussed Greece with German Chancellor Angela Merkel and British Prime Minister Gordon Brown via a video conference.

Rehn's visit was to tell Athens its partners want to see quick, credible steps to put Greece's finances in order.





 

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