Explaining the reasons of his absence from the presidium's meeting, Papandreou referred to his "urgent obligations in Greece" and the ongoing negotiations regarding the economic crisis.
"From the very first moment of the (economic) crisis, our organisation elaborated a series of concrete ideas and initiatives that could stop it. Unfortunately, both the international community and the European Union appeared too slow and divided in their reaction," Papandreou noted in his message.
"Today, the global economic situation becomes more and more fragile and the end of the crisis seems yet too far. It threatens the banking sector, the stability of developed economies and undermines international efforts for achieving the UN's Millenium Targets" the Greek premier added.
Referring to the Greek crisis, Papandreou noted that his government and the Greek citizens "are faced with tremendous challenges. In this extremely adverse economic environment we are materialising a very strict, restrictive, programme promoting in parallel a series of unprecedented reforms. In answer to all those that question our efforts, we are proud to say hold that in the year 2010 we achieved the greatest deficit decrease in the Eurozone, a decrease of 5%, from 36 billion euros to 24 billion. Primary state spendings decreased by 10 billion euros."
"Nevertheless, many things remain to be done. Not only in the sector of fiscal reform but in structural reforms as well, reforms that will again make our country a competitive country and will allow us to achieve growth, viable debt and new jobs," the SI president also said.
Papandreou underlined that "the settlement of the Greek debt is not enough in handling the broader repercussions and the real causes of the economic crisis in Europe. Greece represents only 3% of the Eurozone's debt and only 2.5% of the Eurozone's GDP," noting "the urgent need for strategic decisions that would shield European Union member-states against similar crises in the future."
"We need permanent stabilising mechanisms and new fiscal tools in order to promote solidarity and social justice," Papandreou stressed in his message.
The Greek premier concluded by appealing for an immediate action as regards climate change.
"We must act immediately if we want to protect future generations," he underlined.