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Live: Greek Prime Minister delivers speech in Berlin

09-27-2011 17:06 BJT

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BERLIN (AP) — Greek Prime Minister George Papandreou has promised at a German industry forum that his country will live up to all the commitments it has made in the debt crisis.

A potentially disastrous debt default looms just weeks away for Greece. It needs to convince its rescue creditors, including Germany, that it is enforcing its reforms to access the loans needed to avoid bankruptcy in mid-October.

The prime minister said Tuesday: "I can guarantee that Greece will live up to all its commitments." He promised that Greeks will "fight our way back to growth and prosperity."

Ahead of a meeting Tuesday with Chancellor Angela Merkel, Papandreou called for Europe to unite and show it has a grip on the crisis.
He warned against heaping "only punishment and scorn" on his compatriots.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

BERLIN (AP) — Greek Prime Minister George Papandreou says his debt-ridden country has "great potential" and can emerge from its deep economic and financial crisis.

As a potentially disastrous debt default looms just weeks away for Greece, Papandreou said Tuesday at a conference of the Federation of German Industries that "we are borrowing to repay."

Papandreou will meet later Tuesday with Chancellor Angela Merkel. Greece's international creditors are pressing Athens to implement fully austerity measures. Without the next batch of loans, Greece would default in mid-October.

The prime minister outlined Greece's efforts to enforce reforms agreed in exchange for the loans.
He said that "so many people in Greece ask me, is all the pain worthwhile, can we make it? ... my answer is, yes we can."

 

Editor:James |Source: CNTV

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