Tension on the eve of the G-20 by the Greek crisis
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Tension on the eve of the G-20 by the Greek crisis

Cannes : France | Nov 03, 2011 at 2:58 AM PDT
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GREECE UNVEILS DEFICIT MEASURES CCTV News

The leaders of France and Germany, Nicolas Sarkozy and Angela Merkel, told the Greek Prime Minister, Georgios Papandreou, that the 8 billion euros in promised Aid will not be disbursed if Greece does not take measures to eliminate the uncertainty.

Greece was due to get a vital 8 billion euros installment this month and says it will run out of money in mid-December if it does not get the loan.


The question occurred at a mini-Summit held in the city that from Thursday will welcome the representatives of the 20 largest economies in the world. The Greek crisis will be the central point of discussion. Papandreou, whose country does not participate in that forum, was summoned to give explanations by the surprise call for a referendum on the bailout plan designed by the European Union (EU) and the International Monetary Fund (IMF).

At the end of the meeting, the heads of State of the axis Berlín-París appeared before the press to give an account of the meeting, which also was attended by the highest representatives of the IMF, Christine Lagarde, the European Commission, Jose Manuel Durao Barroso, and the European Council, Herman Van Rompuy. There they demanded it end with the "uncertainty" in Greece, that the referendum should be held as soon as possible and suggested the dates of the 4 or 5 December.

Merkel said that the question to be submitted to popular consultation of the Greeks must make it clear "If Greece wants to or does not want to continue the euro". For its part, Sarkozy pressed: "the question is about the European future of Greece: wants to or not be in the euro?". "We want to do so and we do our utmost so that it is, but is the people which must give its opinion," he added.

After the words of both leaders, Papandreou acknowledged that the aim of the referendum that called is to decide whether their country remains in the euro area or let it. He said that the dates suggested for it are possible and was confident that the "Yes" shall be imposed. "The Greek people want to stay in the eurozone," he said.

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"Europe and Greece will emerge stronger from this crisis," said Greek Prime Minister George Papandreou
"Europe and Greece will emerge stronger from this crisis," said Greek Prime Minister George Papandreou
Vicky247 is based in Lahore, Punjab, Pakistan, and is a Reporter for Allvoices.
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