Thursday September 18, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Papandreou speaks about Greece's 2010 loan request

Former Prime Minister George Papandreou revealed on Friday that he had asked Greeces lenders to offer the country its first bailout package at a lower interest rate but his request was refused.

Speaking at the Ideas Lab 2014 conference in Brussels, Papandreou said that he had asked for Greece to receive a similar interest rate to that enjoyed by non-eurozone countries such as Latvia and Romania, which received international loans, rather than the initial 5.2 percent Greece was asked to pay.

They told me it could not be done and that we had to agree to a higher interest rate, said Papandreou.

As we were a member of the eurozone we could not devalue our currency, while other countries not in the euro got better interest rates.

Papandreou added that the constant speculation about Greeces euro membership and insecurity about its future made implementing structural reforms tougher.

It mean that it was very difficult to focus on structural reforms. Instead, it was much easier to focus on spending cuts.

ekathimerini.com , Friday April 4, 2014 (20:40)  
Police report identifies officers with ties to Golden Dawn
Increasing number of mayors blocking contract reviews
PM hopes for boost from Merkel meeting next week
Athens among winners of Bloomberg Philanthropies 2014 Mayors Challenge
Very lucky punters set to be probed
The Hellenic Gaming Commission has forwarded some impressive data regarding the possible abuse of profits from games of chance to the anti-money laundering authority and the Financial Crimes...
London roadshow starts with record turnout
The Athens Exchanges London roadshow got under way at Bloombergs headquarters in the British capital on Wednesday featuring 31 listed companies and with much better prospects than the prev...
Inside Business
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Very lucky punters set to be probed
2. London roadshow starts with record turnout
3. Banks set to request 6.1 bln under TLTRO
4. More efforts to cut the price of milk
5. Skiathos tops Greeks online summer holiday searches
6. IMF departure gets on the table
more news
Today
This Week
1. SYRIZA victory would spark a bank run, PM reportedly warns
2. Loud patriotism
3. Production of the new Pony to start by the end of the year, NAMCO says
4. Davutoglu calls for a two-state solution in Cyprus
5. In need of a second wind
6. Tsipras to meet with Pope Francis on Thursday
Today
This Week
1. Greece on standby
2. Avramopoulos appointed Commissioner for Migration and Home Affairs
3. Central Athens traffic restrictions back in force on Monday
4. Greece at bottom of social justice scale among EU28
5. EU bank tests may miss trillion dollar risk, study finds
6. Lost in the fog
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.