Greek GM Papandreou heads to Paris seeking more EU support for harsh austerity measures
By Elena Becatoros, APSunday, March 7, 2010
Papandreou seeks French backing for debt crisis
PARIS — French President Nicolas Sarkozy says that Europe will show solidarity with Greece and will work with its European partners to fight against speculation against the euro.
Greek Prime Minister George Papandreou has expressed appreciation for France’s support as his government embarks on a severe austerity plan to reduce its massive 12.7 percent budget deficit.
However, Papandreou says he is not ruling out going to the International Monetary Fund if a European solution is not found. Sarkozy has not spelled out any new measures to help Greece.
Sarkozy and German Chancellor Angela Merkel are seeking to calm markets and bring down Greece’s high borrowing costs.
Sarkozy and Papandreou met Sunday ahead of the Greek prime minister’s trip to Washington.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
PARIS (AP) — French President Nicolas Sarkozy says that Europe will show solidarity with Greece and will work with its European partners to fight against speculation against the euro.
Greek Prime Minister George Papandreou has expressed appreciation for France’s support as his government embarks on a severe austerity plan to reduce its massive 12.7 percent budget deficit.
However, Papandreou is not ruling out going to the International Monetary Fund if a European solution is not found. Sarkozy has not spelled out any new measures to help Greece.
Sarkozy and German Chancellor Angela Merkel are seeking to calm markets and bring down Greece’s high borrowing costs.
Sarkozy and Papandreou met Sunday ahead of the Greek prime minister’s trip to Washington.
Tags: Athens, Barack Obama, Civil Service, Europe, France, Germany, Greece, High, Paris, Personnel, Western Europe
