Government vice president Theodoros Pangalos, speaking in Geneva at a rounbdtable discussion at the city's university on the theme of "Greece's 30 years in the EU: Account and Prospects", referred to the Greek crisis saying that the support Greece is receiving does not have the form of free aid, but interest-carrying loans and the probhlem consists of the combination of fiscal deficits and a high public debt. Pangalos met in Bern with the country's President Micheline Calmy-Rey.

Pangalos spoke of the need for drastic measures to be taken for the deficit's decrease and the creation of first stage surpluses, of painful structural changes and the importance of production investments in the country.