Bloomberg News

Papandreou Says EU Decisions Will Relieve Greece of Debt Burden

October 31, 2011

Oct. 31 (Bloomberg) -- Greek Prime Minister George Papandreou said the country had secured a “historic decision” at last week’s summit of European Union leaders that will allow Greece to “look to our future” with less uncertainty.

“The EU summit decisions open up a new era for Europe and a new era for Greece,” Papandreou said in comments to ruling party lawmakers in Athens televised on state-run Vouli TV today. The decisions taken by EU leaders early on Oct. 27 will reduce Greece’s debt by about 100 billion euros, Papandreou said.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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