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Greece Firewall Must be Built: Swedish Finance Minister

Thursday, 26 Jan 2012 | 7:39 AM ET

The EU should build up more resources for a firewall around Greek debt, Sweden's Finance Minister Anders Borg told CNBC at Davos Thursday.

CNBC.com

"We need to see some further progress when it comes to building up resources in the euro zone (to contain the Greek debt crisis)," he said, as talks on the resolution of Greece’s debt crisis continued.

"The program in Greece is probably one of most off-track International Monetary Fund programs that I have ever seen,” he added

Sweden is one of the Northern European countries that has been relatively unaffected by the debt crisis, while much of Southern Europe struggles.

Borg expressed his sympathy with the German government’s attitude to Greece.

"The Germans are reacting to the fact that we are seeing a very poor implementation (of structural reforms) in countries like Greece," he said.