Greece says next few days critical for debt crisis

Reuters
July 14, 2011

Prime Minister George Papandreou said on Thursday the next few days are critical for dealing with Greece's colossal debt but he was pleased nations now saw the crisis as a broader structural problem for the future of Europe.

Chancellor Angela Merkel said on Thursday that Germany wants a quick solution to the Greek crisis but it had to be feasible, and a completed plan was a pre-requirement for holding any special euro zone summit on Greece.

"It is positive that in recent days our partners in Europe are discussing increasingly, and pressing for, comprehensive solutions," Papandreou told a cabinet meeting, adding:

"They see that ... it is not a Greek problem, or simply a problem of the periphery, but a wider structural problem for the future of European countries."

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