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Greek PM Fevers Ahead Talks with Merkel-Sarkozy on Sept 14

Feverish meetings were held in the office of Greece’s prime ministers’ office on Tuesday ahead the teleconference of George Papandreou and German Chancellor Angela Merkel and French President Nicolas Sarkozy on Wednesday, Sept 14th 2011. The meeting with top economists of the country were made under the specter of an ‘orderly default” (coordinated bankruptcy) debate that started by Merkel’s coalition partner neo-liberal FDP.

There have been no statements on the meetings from Papandreou’s office but there might be one press release later today. According to newspaper Proto Thema, one of the issues of the meetings is the preparation of a strategy for Finance Minister Evangelos Venizelos who is expected to have a telephone conversation with German Finance Minister Wolfgang Schaeuble on Wednesday night. The second within 24 hours.

There have been also no statement on Greece after the Merkel/Sarkozy talks on the collaterals for Greece’s second bailout and the solutions for Greece’s debt crisis. 

A diplomat ealier told Dow Jones Newswires that “The teleconference will probably be on Wednesday. It΄s still being arranged. The talk among the leaders is expected to focus on the latest measures announced by the Greek government and the implementation of the July decisions for the second Greek bailout, the progress of the PSI, etcetera,” the diplomat said. “To be honest, the latest bailout plan is not proceeding as expected.”

PS I do hope they will save Greece for Euro’s shake 🙂

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