Greek Prime Minister George Papandreou has promised that Greece will fulfill its financial obligations incurred during the ongoing debt crisis. He made the comments Tuesday at a German industry forum in Berlin.

Both Mr. Papandreou and German Chancellor Angela Merkel were to address the German Federation of Industry forum before meeting to further discuss the Greek economy and austerity plans.

In the coming weeks, Greece faces possible debt default. Greece needs to convince creditors it is doing everything possible in terms of its austerity plan to fulfill its financial obligations.

The European Union and the International Monetary Fund have already offered bailout assistance to Greece, Ireland and Portugal.