News | Wednesday, 03 February 2010

Greece, a euro zone issue

Greece’s fiscal problems are an issue for the whole euro zone and more countries could be affected, the country’s finance minister said yesterday. “Following Greece, there are other countries, like Spain and Portugal. This is why the Greek issue, despite its particular Greek characteristics, is also a euro zone issue,” Finance Minister George Papaconstantinou (in photo) said. Papaconstantinou said Greece would back a joint euro zone bond. “But given the current circumstances, Greece can’t go forward and carry the flag in favour of euro bonds,” he said.

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