What did the Greek PM vow to do to ease the economic crisis?”
European leaders pledged Thursday to help Greece cope with debt problems that are pummeling the euro on global markets, but they stopped short of promising the immediate financial bailout sought by investors to calm fears of a spreading crisis in Europe. The euro is facing its biggest test since the principal European currency was launched 11 years ago, as concerns grow that massive shortfalls will force Greece into a sovereign debt default. With similar fears spreading to Portugal and Spain, the leaders of the region’s strongest economies, Germany and France, joined other euro zone nations in effectively offering up an implicit guarantee. They suggested at a meeting in Brussels that they would step in to aid Greece if necessary — but stated that it is still too early to put forward a rescue package, adding that Greece must first make good on its pledge to undertake painful budget cuts at home. Although officials in Germany and France were scrambling behind the scenes to hash out the
