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30 September 2011 Last updated at 05:59 GMT
Mr Papandreou, left, and Mr Van Rompuy are meeting at an international summit in Warsaw Greek PM George Papandreou is to hold further talks with European leaders as negotiations continue in Athens on a new instalment of bailout loans.He is holding talks with European Council President Herman Van Rompuy in Warsaw before travelling on to Paris to meet French President Nicolas Sarkozy.
International inspectors are in Athens deciding whether Greece should receive bailout funds of 8bn euros (￡6.9bn).
The talks have triggered angry protests on the streets of the Greek capital.
The BBC's Chris Morris in Athens says Mr Papandreou is on a charm offensive, trying to convince his European colleagues that Greece can meet the demands imposed upon it by a tough austerity programme.
The unpopular reforms are vital to guarantee international loans aimed at stopping the debt-ridden country from going bankrupt.
President Sarkozy said that after his meeting with Mr Papandreou on Friday afternoon he would unveil a Franco-German strategy, but did not give any details.
Germany and France together represent about half of the 17-nation eurozone's economic output.
"It is very important that the Franco-German axis can make its voice heard about the concrete application of the decisions taken at the end of July [on a second rescue package for Greece]," Mr Sarkozy said during a visit to Morocco.
Targets missed"After seeing the Greek prime minister... I will have an opportunity to say exactly what our strategy is for supporting countries like Greece," he added.
Since eurozone leaders agreed on a second rescue package for Greece, Athens has fallen behind on its debt reduction targets, raising fears of a Greek default.
A vote in Germany's parliament on Thursday to back a more powerful bailout fund for eurozone economies was welcomed in Athens.
Mr Sarkozy also congratulated German Chancellor Angela Merkel by telephone on Thursday, his office said, calling the vote a key step in stabilising the eurozone.
Greek taxi drivers have been staging a two-day strike over government reforms Mr Papandreou held talks with Chancellor Merkel in Berlin on Tuesday.
But our correspondent says some analysts believe the whole strategy for Greece, with a possible second bailout, needs urgent readjustment.
That is partly because contagion from Greece to other eurozone countries is no longer a threat but a dangerous reality, he adds.
Greek taxi drivers held angry protests outside parliament on Thursday on the second day of their 48-hour strike.
The drivers are opposed to government reforms that would open their closed-shop profession.
Meanwhile, a second round of talks is being held in Athens between the Greek government and inspectors from the "troika" of international creditors supporting Greece - the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF).
Many Greeks believe that austerity measures are pushing the country's crippled economy deeper into recession and strangling any chance of growth.
Southern Cross is to be wound up by the end of the year A third of Southern Cross care homes have been transferred to new operators, the company has announced.
Bank of America will roll out the change from next year on a state-by-state basis Shares in Bank of America have fallen 2%, a day after it announced plans to charge debit card users $5 (￡3.20) per month to pay for their purchases.
Buyers and sellers are still thin on the ground House prices continued to "tread water" in September - rising by 0.1% compared with the previous month, the Nationwide said.
Hartlepool's sea defences are being rebuilt, but the housing market remains weak 
TUC secretary general Brendan Barber has said the sides are a long way apart Talks between ministers and union chief Brendan Barber over public sector pension reform have resulted in no progress, sources have told the BBC.
Thomas Cook has issued three profit warnings over the past year in the face of tough trading conditions Thomas Cook has said bookings by its UK customers were "flat" during the summer holiday season, but that its full-year profits should be "broadly in line with market expectations".
Oswald Gruebel UBS's former chief executive resigned over the rogue-trading loss. Swiss bank UBS said it will make a small profit in the third quarter despite losing $2.3bn (￡1.5bn) through unauthorised trading.
Protester Michael Pellagatti holds up the plastic handcuffs used to restrain him and the court summons he was issued Police in New York City have freed most of the more than 700 people arrested on Brooklyn Bridge on Saturday during a protest against corporate greed.
Andrew Walker Economics correspondent, BBC World Service 
By Nigel Cassidy Business correspondent, BBC News, Athens 
The Greek lottery OPAP will be sold as part of an ambitious privatisation programme Go into any of Greece's 5,000 OPAP lottery shops and there is one thing you definitely cannot bet on. 
Greek utility workers are wary about plans to sell off the companies they work for 
Greece remains "the last Soviet bastion in Europe", says Eydap's chief executive Nikolaos Bardis 
MP Elena Panaritis says privatisation is slow because democracy in Greece is weak 
As President Nicolas Sarkozy greeted the world's leaders at the Libya meeting in Paris last month, one leader who emerged from his limousine was perhaps a little less well known than the others.
A picture of Qatar's emir hangs on a building in the anti-Gaddafi stronghold of Benghazi 
Libya TV is funded by the Qatari government as part of its support for Libyan rebels 
Falling demand and prices of flat-screen TVs have hurt profits at various electronics makers Samsung Electronics has issued a better-than-expected profit forecast for the third quarter as its handset business helped to offset falling demand for TVs and computer chips.
The shutdown if the refinery has affected gas, oil and jet fuel production. Shell has declared a force majeure on some of its customers after a fire shut down its refinery in Singapore last week. 
Virender wants to grow his business of recycling plastic Sorting out plastic bags collected from rubbish tips is a serious business for Virender Kumar.
A loan increased Virender's profits by 50%, by helping to pay for a new truck 
at 11: 29 GMT 16-Volkswagen in its release of detailed investment plan yet, despite economic concerns German factories recorded a 0.9% drop in industrial orders over the month of August, according to government data.
House Speaker Boehner has said taking action against China's currency peg is beyond the scope of Congress A top US Republican has criticised a Senate bill that could penalise China for alleged currency undervaluation.
Chancellor Merkel achieved her majority after intense lobbying Germany's parliament has voted by a large majority in favour of supporting a more powerful fund to bail-out troubled Eurozone economies.
Stephen Evans BBC News, Berlin 
Kodak is one of the best-known and most iconic brands in photography Eastman Kodak has said it has "no intention of filing for bankruptcy".
The news from S&P is likely to be welcomed by Chancellor George Osborne Ratings agency Standard & Poor's has confirmed the UK's AAA credit rating.
Robert Peston Business editor, BBC News Germany's big banks were also up sharply. Allianz was up 10%, Deutsche Bank 8% and Commerzbank 7.7%. In the UK, Barclays rose 6.8% and RBS 3.3%.
Stephanie Flanders Economics editor, BBC News It is not entirely clear how any expansion of the facility would be managed, but one suggestion is for the EFSF to guarantee the first part of any losses creditors sustain from a government defaulting on its debts, with the European Central Bank (ECB) providing an additional 1.5tn euros of loans.
Mark Lowen BBC News, Syntagma Square, Athens 
Tallin Tallinn, Estonia-Skype, as well as other companies in emerging technologies now has the fastest economic growth in the European Union, so what does Estonia just when other countries are so many economic problems?
Ave Maria Ounapuu says the Government of Estonia has set up an independent business with ease
Estonia exports mainly to the EU, but exports of its main markets, Finland, Sweden are distorted
the Central story 
Drinkers in the lounge of their obligation to contribute to the Museum say bailouts EU
By Laura Trevelyan BBC News, New York 
Commentators are wondering if this movement could become a "Tea Party" for the left As a man known as Mercury puts the finishing touches to his corporate zombie make up, he explains why he's joined the anti-capitalist protests here in the shadow of Wall Street.
The protesters want a change in political and economic culture 
The trade deal is expected to dominate President Lee Myung-bak's visit to the US later this month The free trade agreement between the US and South Korea has cleared the first hurdle four years after the deal was first agreed. 
The crowds in Zuccotti Park are frustrated at a lack of employment and opportunity in the US An estimated 2,000 people have gathered in Lower Manhattan, New York, for the largest protest yet under the banner Occupy Wall Street.
The stand-off at One Police Plaza passed off largely peacefully