Prime Minister George Papandreou called for unity across Greece’s political spectrum Tuesday, as European finance ministers and leaders struggled to come up with a definitive solution to Greece’s debt woes that won’t drag down other EU nations as well.
A nonstop barrage of EU meetings is culminating in a Wednesday summit where EU leaders are expected to shore up the eurozone bailout fund to contain the continental debt turmoil and prevent the nation from a catastrophic default.
Eurozone governments hope the enhanced European Financial Stability Fund, or EFSF, will be able to protect larger EU countries such as Italy and Spain from being engulfed in the debt crisis.
“This is a critical time and I hope that we reach decisions tomorrow — that is the will of our partners, and it is our will,” Papandreou said as he briefed Greece’s president, Karolos Papoulias, on the latest developments. “We must remain clear-headed and calm with a sense of unity on all side and all political parties.”
(source: AP)
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