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GreekReporter.comGreecePapandreou Delays U.S. Trip Over Debt Crisis

Papandreou Delays U.S. Trip Over Debt Crisis

Greek Prime Minister George Papandreou canceled a planned visit to the United States, State TV Net reported on Saturday.
His office said he had decided to return as “next week is particularly crucial” in efforts to secure the country’s next bailout loan.
Greek media said he took the decision after consultations with Finance Minister Evangelos Venizelos.
“The prime minister judged that he should not be away. He wants to ensure that all of Greece’s commitments (to its European Union partners) are fulfilled,” government spokesman Ilias Mossialos told.
A government official speaking on condition of anonymity told Reuters pressure was high on Athens from euro zone partners to take additional measures to merit continued funding from a 110 billion euro ($150 billion) bailout to avert default.
“There is an issue of trust. Our partners want very specific steps and commitments and our record so far unfortunately does not inspire confidence,” said the official.
The decision comes a day after eurozone ministers delayed a decision on the loan.
Papandreou was to meet United Nations General Secretary Ban Ki Moon in New York on Sunday and IMF head Christine Lagarde on Tuesday.

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