Russian PM plays down Greece's economic woes, telling his visiting Greek counterpart the U.S. is no better than Greece in handling its debt and fiscal deficit.
On Tuesday European ministers told Greece it may need to take further steps to bring a swollen debt under control, with Germany saying Greece should imitate Ireland and Latvia, both of which are slashing spending and wages savagely. Both Greek and Russian officials denied financial aid was on the agenda during talks in Moscow, while President Dmitry Medvedev said he had told Papandreou to turn to the International Monetary Fund and the World Bank for help.
“This is not the end of the world. I believe that we will come out of this situation much stronger than we are today,” Mr. Papandreou told the news conference.
For the complete report: Putin calms Greece, says U.S. debt big too - The Globe and Mail
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