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Greece in talks to ease debt burden: PM
Page last updated at 10:00 GMT, Wednesday, October 12, 2011 - 15:00 EST
Reuters:
Greek Prime Minister George Papandreou is seen during a visit at the police headquarters in Athens October 4, 2011.
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Greece is in talks with its euro zone partners to ease its debt burden, Prime Minister George Papandreou said on Wednesday, adding that he hoped for bold solutions to tackle the debt crisis at G20 and EU council meetings.
Greece's second bailout package, which was agreed on July 21 and involved private sector bondholders, is under review with authorities considering increasing the losses that private creditors will incur, euro zone officials said.
"We are negotiating in every way to lighten this debt. This is the big negotiation and this is where the big problem lies," Papandreou told a cabinet meeting, without providing any details.
Papandreou told ministers the euro zone and the Group of 20 major economies need to provide persuasive and courageous responses to the debt crisis at summits later this month and in early November.
Watch from euronews: Troika gives green light to new loan for Greece
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