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PM: We need support of our partners
PARIS (ANA-MPA - O. Tsipira) -- Prime Minister George Papandreou on Thursday said lowering the interest rate and extending the maturity of European Union and IMF loans to Greece would be "decisive factors" to guarantee that the country was able to continue meeting its long-term objectives. He also warned against the prospect of restructuring Greek debt, saying that this could have dire consequences for Greece but also for Europe.
"We are putting our house in order but we need the support of our European partners," Papandreou said in an interview published by the French newspaper "Le Monde" ahead of a Eurozone leaders meeting on Friday. If markets failed to respond to Greece's efforts, the EU would have to step in in order to assist Greece's efforts and stabilise the Euro zone, he added.
"There are considerable margins to manoeuvre in order to relax the terms of the financial support programme," Papandreou said.
(ana.gr)
PARIS (ANA-MPA - O. Tsipira) -- Prime Minister George Papandreou on Thursday said lowering the interest rate and extending the maturity of European Union and IMF loans to Greece would be "decisive factors" to guarantee that the country was able to continue meeting its long-term objectives. He also warned against the prospect of restructuring Greek debt, saying that this could have dire consequences for Greece but also for Europe.
"We are putting our house in order but we need the support of our European partners," Papandreou said in an interview published by the French newspaper "Le Monde" ahead of a Eurozone leaders meeting on Friday. If markets failed to respond to Greece's efforts, the EU would have to step in in order to assist Greece's efforts and stabilise the Euro zone, he added.
"There are considerable margins to manoeuvre in order to relax the terms of the financial support programme," Papandreou said.
(ana.gr)