Papandreou to hold talks with Nicola Sarkozy

Papandreou to hold talks with Nicola Sarkozy

Prime Minister Giorgos Papandreou is to meet French President Nicola Sarkozy on Wednesday to discuss common action against the attack on the Euro by profiteers. The issue will further be discussed by an extraordinary EU council summit on Thursday. The possibility of a European bailout through a euro bond is expected to be tabled during Papandreou's meeting with Sarkozy.

European commissioners are due to hand over posts on Tuesday. Incoming monetary and economic affairs commissioner Oli Rehn is expected to mention Greece in his address and according to information is looking into placing an overseer in Athens to closely monitor the government's adherence to austerity measures for economic recovery.

Meanwhile, European Central Bank president Jean Claude Triche appeared certain that Greece will meet its fiscal targets, speaking after a G7 summit in Canada.