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Saturday, 17 September 2011 - Greek PM cancels U.S. visit to focus on debt review |
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Warning: Graphic content  Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Gaddafi loyalists resist and say NATO kills 354 Libyans | 10:17am EDT NTSB investigators at scene of deadly Nevada air race crash | 11:24am EDT Geithner's "succinct" message irks Europeans 16 Sep 2011 Scarlett Johansson naked pictures leaked on Web | 14 Sep 2011 PE firms circling AOL turn attention to Yahoo | 16 Sep 2011 Discussed 160 Al Gore in 24-hour broadcast to convert climate skeptics 134 Number of poor hit record 46 million in 2010 51 Obama tries to sell jobs plan to Congress, voters Watched Scene after plane crashes at Nevada air race Fri, Sep 16 2011 Plane crashes at Nevada air races Fri, Sep 16 2011 Dozens injured in Nevada air race crash Fri, Sep 16 2011 Greek PM cancels U.S. visit to focus on debt review Tweet Share this Email Print Related News Geithner presses EU to act; meets resistance Fri, Sep 16 2011 Pakistan PM cancels U.S. visit due to floods Fri, Sep 16 2011 Geithner to discuss leveraging EU bailout fund Thu, Sep 15 2011 U.S. men in Iran to be freed soon with Talabani help: envoy Thu, Sep 15 2011 EU warned of credit crunch threat, French banks hit Wed, Sep 14 2011 Analysis & Opinion The euro zone shuns Geithner Geithner and the delicacy of Euro-Dollar diplomacy Related Topics World » United Nations » Greece » Greece's Prime Minister George Papandreou addresses the audience at the International Trade fair of Thessaloniki in northern Greece September 10, 2011. Credit: Reuters/Motion team/Fani Tripsani ATHENS | Sat Sep 17, 2011 11:58am EDT ATHENS (Reuters) - Greek Prime Minister George Papandreou has canceled a planned visit to the United States to focus on fiscal measures that are key to the country's continued funding by international lenders, the government's spokesman said on Saturday. Next week, Greece is due to resume talks with EU/IMF inspectors who will judge if the debt-ridden country has taken enough fiscal measures to merit its next 8 billion euro ($11 billion) loan tranche from a 110 billion bailout to avert default. "The prime minister judged that he should not be away. He wants to ensure that all of Greece's commitments (to its EU partners) are fulfilled," government spokesman Ilias Mossialos told Reuters. Papandreou was to meet United Nations General Secretary Ban Ki Moon in New York on Sunday and International Monetary Fund head Christine Lagarde on Tuesday. Athens is under pressure from its euro zone partners and the IMF to intensify efforts to meet deficit-reduction targets and reforms to make its economy more competitive. Fiscal slippage this year, partly due to a deeper-than-projected recession, forced the government to slap a levy on property to make up for the shortfall as a target of capping its budget deficit at 7.6 percent of gross domestic product looked out of reach without corrective action. EU economic and monetary affairs Commissioner Olli Rehn has said inspectors from the European Central Bank, European Union and IMF would report back on progress in early October, meaning that the next disbursement of aid to Greece could be paid by mid-October. Greece has said it has enough cash until October. ($1 = 0.725 Euros) (Reporting by George Georgiopoulos; Editing by Ruth Pitchford) World United Nations Greece Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Newsletters About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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