09/17/2011 10:58 EDT | Updated 11/17/2011 05:12 EST

Reports: Greece's prime minister cancels US trip after talking to finance minister

ATHENS, Greece - Greek media reports say the prime minister has cancelled his trip to the U.S. because of the gravity of his country's financial crisis.

George Papandreou, who had left for London en route to New York, will return to Greece on Saturday night.

State TV NET and private Mega Channel, citing unidentified government sources, said Papandreou had decided to return following a consultation with Finance Minister Evangelos Venizelos.

Government officials contacted by the Associated Press were unavailable for comment.

Papandreou had been scheduled to attend the U.N. General Assembly and then the annual meeting of the International Monetary Fund, where he was to meet Managing Director Christine Lagarde and U.S. Treasury Secretary Timothy Geithner.