08/11 U.S. urges Greece to move fast on bailout plan

English.news.cn   2011-11-08 07:35:32FeedbackPrintRSS
WASHINGTON, Nov. 7 (Xinhua) -- The United States said Monday it welcomed a new consensus in Greece on adopting new austerity measures and urged the Greek government to move swiftly to fulfill its commitments of an European Union bailout.
"We welcome the consensus that has been reached in Greece," said White House spokesman Jay Carney, saying the incoming government should take steps to live up to commitments on the rescue plan "as quickly as possible."
"We continue to call on Europe, and work with our European counterparts, to implement those decisions rapidly and to reach a conclusive end point in terms of dealing with this problem," Carney said.
He declined to comment on the decision by Greek Prime Minister George Papandreou to resign.
Late on Sunday night, under heavy pressure from international lenders and within the country, Papandreou agreed to give way to form a new coalition government that will continue efforts to save the country from default.
The new government will hold early general elections in a few months, following the implementation of the vital Oct. 26 EU agreement over the release of further bailout loans to the debt- ridden country. Without it, Greece could go bankrupt by the end of the year.
Editor: Chen Zhi
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