Greece Hopeful about Extraordinary EU Summit

Athens, Jul 20. -Greece is pinning all its hopes on an extraordinary European Union Summit convened to find a solution to the economic debacle in that country, which has triggered new fears of its possible spread to the eurozone.The Greek government said in a press release Wednesday that EU summit on Thursday in Brussels is decisive both for Greece and the entire region.

According to the official statement, the Greek government is hopeful about the viability of its debt payment, and a reduction of the burden on citizens burden, the protection of deposits, and higher market liquidity.

Greek Prime Minister George Papandreu will meet today in Brussels with EU Commission President Jose Manuel Durao Barroso, a government spokesman said.

They are expected to analyze the possible approval of a second bailout package for Greece of between 92 and 120 billion euros. (Prensa Latina)