(GREEK NEWS AGENDA) 
The European Union yesterday, in a joint statement by the Heads of State or Government, 
agreed to take determined and coordinated action to safeguard financial stability in the euro area, and expressed full support for the efforts of the Greek government and their commitment to do whatever is necessary to get the country’s public finances in order.
European commission chief Jose Manuel Barroso said that the statement was intended to end speculation that Greece would require a bailout package, while adding that “the Greek government believe they do not need financial support.”
Addressing a press conference at the end of the informal summit in Brussels and referring to this agreement to assist Greece, Prime Minister George Papandreou said:
“our partners assessed and ascertained our will to change, we convinced them, following our great efforts, and it is necessary for us to continue. We will succeed.”
Greece is aiming to reduce its deficit by 4 % of GDP this year, largely through cuts in public spending and an increase in taxes. However, Papandreou said that he would not hesitate to adopt more measures if it becomes necessary.
Council of the European Union: Agreement to support Greece; Kathimerini daily: EU offers help but no specific money pledge
Filed under: Economy, European Union, Government, Greece, Greek Prime Minister, International Relations, Politics | Tagged: agreement, area, Barroso, Brussels, Commission, Conference, Council, Current Affairs, deficit, Economy, euro, Europe, European, finances, financial, GDP, George, Government, Greece, Greek, help, increase, πρωθυπουργός, συμφωνία, συνέντευξη, υποστήριξη, φόρων, φόροι, χρήματα, Έλληνας, Ένωση, ΑΕΠ, Βρυξέλλες, Γιώργος, Δημόσια, Επιτροπή, Ευρωπαϊκό, Ελλάδα, Ελληνική, Κρατών, Μπαρόζο, Παπανδρέου, Συμβούλιο, Σύνοδος, Τύπου, έλλειμμα, αρχηγοί, αταθερότητα, αύξηση, βοήθεια, δαπάνες, δημόσιο, διάσκεψη, ευρωπαϊκή, ευρωζώνη, κυβέρνηση, κυβερνήσεων, και, κοινή, μέτρα, οικονομικά, οικονομική, Measures, Minister, money, Papandreou, Politics, Press, Prime, public, speculation, spending, Stability, State, summit, Support, Taxes, Union | Comments Off on EU backs up Greece
Papoulias – a keynote speaker at the summit- stressed that “global leaders are obliged to respond to the climate challenge, and, instead of limiting themselves to a ‘least common denominator’ agreement, they should proceed to a global, comprehensive, and legally binding agreement with specific targets and timetables.”
Papoulias – Erdogan Meeting
After the 
Embassy of Greece in Poland Press & Communication Office 