Greek Prime Minister George Papandreou has warned that a "concerted attack" was underway against the euro, with Spain and Portugal now being targeted, after Greece.
Speaking to the press during an official visit to New Delhi, Papandreou said that he had warned of such an attack by speculators as early as the first EU summit he attended as prime minister, at which time he had stressed that Greece was not Europe's problem and that speculators would find, after Greece, another "weak link" through which to attack the euro.
The premier stressed that the subsequent targeting of Spain and Portugal indicated that Greece is not an isolated case. The problem, he added, is a European and an international one, and coordinated action and solidarity are needed on this matter.
To a relevant question, Papandreou said that he intends to put the issue forward at his meeting on Wednesday with French president Nicolas Sarkozy and at the extraordinary EU summit the following day.
