Politics: PM briefs President on eurogroup summit outcome

Prime minister George Papandreou called the decisions taken at Friday's extraordinary eurogroup summit as a "message of security to the markets" and "an important landmark that indicates Greece's positive course", at a meeting with President of the Republic Karolos Papoulias on Monday during which he briefed the latter on the outcome of the summit and the decision to extend the repayment period for Greece's 110 billion euro EU/IMF bailout loan and reduction of the interest rate.

Greeting Papandreou at the Presidential Mansion, Papoulias noted that "something is moving", and displayed special interest in the conditions of the negotiation and the stance of the France-Germany front.

The two sides had a different approach, but that finally contributed to Greece's ability to discuss a broader package, Papandreou said.

It was acknowledged that Greece has made very important steps, that the Greek people have made sacrifices and that this should be rewarded, Papandreou said, warning however that this does not mean that the struggle has ended.

The premier said the course achieved by the government and also the people was acknowledged, while a message of security was sent to the markets that the EU will back Greece on the course it has decided to take.

"We still have much to do for the better and for the economy, but also for the citizens," Papandreou added.

In a later statement after the 75-minute meeting with the President, Papandreou said he briefed Papoulias in detail on the important decisions taken at the summit, adding that it was a "tough negotiation" but "positive decisions" were taken.

"We proved that Greece can, when it wants to. It was a rewarding of the people's efforts and sacrifices. We won a big battle, but the struggle continues for a Greece of lawfulness, transparency and growth," Papandreou said.

He added that the country must exit from the crisis and stand on its own strength, and that the immense wealth that Greece has must be exploited to take the country out of its present situation.

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