Greek PM says debt must be lowered

Greece's debt must be lowered and banks must share part of the burden, the country's prime minister George Papandreou said on Sunday, following a meeting of Eurozone leaders trying to find a solution to the region's debt crisis.

"Our objective today is to ease the debt burden that weighs heavily on the backs of the Greek people. This debt is onerous and must lighten in order for us to breathe again," Papandreou said in a statement.

To get there, the EU must show "willingness to find a viable solution for Greece, with the private sector sharing part of the burden, particularly banks," Papandreou said.

Reuters