Greek Finance Minister Says Crisis Is a ‘Systemic Issue’ for Europe

Greek Finance Minister George Papanconstantinou sought to reassure investors over the country’s debt burden on Tuesday, saying spreads between Greek and German bonds were high because of broader market turbulence rather than a real threat of default. “Our spreads remain where they are because of the broader turbulence of the European markets, ” Papanconstantinou told CNBC on Tuesday. “We have all realized this is a systemic issue for Europe,” he added. – CNBC