Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece can avoid haircut but needs growth, PM says

 Debt-hit nation will not become another Weimar Republic, Samaras tells Bild daily

Greece can avoid another haircut on its debt if it gets back on a sustainable growth path, the country's prime minister said in an interview published Thursday.

“Our debt is now officially considered sustainable. But for that of course we need growth,” Antonis Samaras said in an interview with Germany's Bild newspaper.

“We are trying to exit the recession, to reform the economy, so that we have enough income to pay and service debts,” he said.

Samaras said that Greece's current situation could be compared to that of Germany's Weimar Republic following the first World War. “However, we have learned from history,” he said.

“Austerity alone in the midst of a recession cannot lead to a healthy economy. This policy destabilizes democracy, destroys social cohesion and can lead to the rise of extremism,” the Greek premier said, expressing confidence that his country would avert the fate of the Weimar Republic.

“It is our aim to bring about a spectacular transformation in Greece and to turn it from a bad example into a shining example of a model economy... we're working on a success story. Everyone will realize that soon,” he said.

On Sunday, German Chancellor Angela Merkel did not rule out a haircut of Greek debt in the next few years.

After being vehemently opposed to accepting a haircut, Merkel said in an interview with the Bild am Sonntag weekly that it could be considered from 2014 if Athens' financial situation improves.

“If Greece can get by on its income one day again without taking on new debt, then we must look at and assess the situation. That won't be the case before 2014/15 if everything goes according to plan,” she told the paper.

[Combined reports]

ekathimerini.com , Thursday December 6, 2012 (11:26)  
Trial of suspects in Salamina torture case starts
Turkish seismic vessel leaves Cyprus EEZ
Mother of Conspiracy convict released, girlfriend remains in custody
Greek museums and sites to stay open til 7 p.m.
Bank stocks post huge losses in Q1
With the omens from the negotiations in Brussels being far from positive on Tuesday, the benchmark of the Greek stock market ended the month of March with losses of 11.93 percent, while bank...
Greek deposit outflows said to slow to 3 bln euros
Greek deposit outflows slowed to 3 billion euros ($3.2 billion) in March, two people familiar with the matter said, suggesting the European Central Bank will need to keep drip feeding loans ...
Inside Business
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bank stocks post huge losses in Q1
2. Trial of suspects in Salamina torture case starts
3. Turkish seismic vessel leaves Cyprus EEZ
4. Mother of Conspiracy convict released, girlfriend remains in custody
5. Greek museums and sites to stay open til 7 p.m.
6. Vatopedi trial adjourned for second time
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. Greece, EU/IMF lenders end round of technical talks without deal
4. Investment guru Mark Mobius rules out Grexit, advises sell-offs
5. Greek government proposes measures worth 3.7 bln
6. A pointless debate
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.