Zapatero urges eurozone countries to do more for Greece

09:35, July 13, 2011      

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Spanish Prime Minister Jose Luis Rodriguez Zapatero on Tuesday backed the position of the European Central Bank in asking all eurozone countries to assume their responsibilities in the second financial bailout for Greece.

All eurozone countries should "assume their responsibilities in order to carry forward the collective project," he said after meeting with the European Council President Herman Van Rompuy.

Spain is currently under mounting pressure from the stock markets amid the Greek problem and Zapatero is clearly unhappy that Germany has delayed providing aid to Greece.

The delay in an effective solution to the Greek crisis has resulted in an adverse effect on Spain, as well as on Italy and Portugal.

"That is not the way. We need a serious formula that is rigorous and which generates confidence in the markets," said the Spanish leader, who insisted that Europe needed to provide a response that is "firm, articulate, clear and fast" in order to calm the markets.

Source: Xinhua
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