Bloomberg News

Papandreou Hopes EU Summit Decisions Are Enough to Calm Markets

October 27, 2011

Oct. 27 (Bloomberg) -- Prime Minister George Papandreou said he hoped the agreement reached at the European Union summit early today will be enough to calm financial markets.

“The negotiations were long and difficult,” Papandreou told Greek President Karolos Papoulias in statements televised live on state-run NET TV. “We managed to lift a big burden of debt which was carried by the middle-class,” he said.

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editor responsible for this story: Maria Petrakis at

The Good Business Issue
blog comments powered by Disqus