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Greek Blasts EU

Posted by admin February - 14 - 2010 - Sunday

Greek Prime Minister George Papandreou has criticised the European Union’s response to the country’s financial crisis as timid and too slow.

Mr Papandreou told cabinet members at a televised meeting in Athens that the EU lacked coordination and undermined Greece’s credibility.

At a summit in Brussels on Thursday, the EU offered Greece its backing but gave no details of any plans to help.

Greece’s debt crisis has put pressure on the euro, causing it to lose value.

Speaking on his return from Brussels, Mr Papandreou said that while Greece had received a statement of support, delays and conflicting statements over the past few months had made things worse.

“But in the battle against the impressions and the psychology of the market, it was at the very least timid, ” he added.

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