BREAKING NEWS

EU steps up pressure for Greek national unity government

By REUTERS

NOVEMBER 6, 2011 15:07

PARIS - The European Union stepped up pressure on Sunday for Greece to establish rapidly a national unity government to implement a new bailout program, saying Athens' continued membership of the euro area was at stake.

EU Economic and Monetary Affairs Commissioner Olli Rehn told Reuters: "We have called for a national unity government and remain persuaded that it is the convincing way of restoring confidence and meeting the commitments."

Greece had breached confidence with its euro zone partners last week and had put itself on a path towards leaving the single currency, but now appeared to be on its way back from the brink, he said.

"Work has been going on in Athens to mend that confidence and we need a convincing report on this by Finance Minister (Evangelos) Venizelos tomorrow in the Eurogroup," Rehn told Reuters in a telephone interview. The 17 euro zone finance ministers meet in Brussels on Monday evening.

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