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Posts Tagged ‘single currency’

Greece: The attack against us is the work of speculators

Saturday, January 30th, 2010

GreeceThe Prime Minister of Greece George Papandreou has denied speculation that the country must be saved with a loan from the European Union. Thus he denied rumors that the union will pour substantial sums to help countries in the fight against serious and crisis. In recent days in the French press, there have been allegations that Brussels is considering a rescue operation to help Greece. The reason is the volatility of the euro, which is largely due to precisely the problems of our southern neighbors. According to Papandreou, however, are all “speculation” and not true. He threw the blame for the problems that face his country and the euro on speculators who wager against the single currency. For this purpose we use a country with difficulties, as is now Greece. They become subject to powerful lobbies and carried out an attack against the currency throughout the euro area, transmits Air Force. Papandreou, however, acknowledged that his country has itself to blame for budget problems there. Therefore not be addressed criticism nor the EU nor the politics of the European Central Bank.
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