Germany hits out at US as Greece vows action on debt

BERLIN, September 27, 2011 (AFP) – Germany told the United States Tuesday to stop pointing the finger at Europe for its own economic ills while debt-hit Greece promised to do its utmost to avert a financial meltdown in the eurozone. Elsewhere in the German capital, Greek Prime Minister George Papandreou insisted that Athens was pulling out all the stops to resolve the crisis and prevent it from bringing down the euro project as a whole.

“I can guarantee that Greece will live up to all its commitments. I promise you we Greeks will soon fight our way back to growth and prosperity after this period of pain,” Papandreou insisted, adding that pillorying Greece would not help matters.

Greece was making a “superhuman effort” to bring down its debt, Papandreou insisted.

Before a crunch working dinner with German Chancellor Angela Merkel on Tuesday evening, Papandreou reiterated that Greece was determined to implement reforms “not only to overcome the present crisis, but to make Greece more competitive.”

Merkel, for her part, said the crisis was not a crisis in the common currency itself, but in the huge debt piles amassed by eurozone members.

“We don’t have a euro crisis, but a debt crisis,” Merkel said.


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