Thursday March 5, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel says Greece must stick to commitments

Greece must stick to the austerity commitments it has made if it wants to remain part of the eurozone after elections on June 17, German Chancellor Angela Merkel said on Friday.

Speaking after talks with New Zealand’s Prime Minister John Key, Merkel said: «What we have always said is that we want Greece to remain a member of the eurozone. The precondition for that to succeed is that the future Greek government sticks to the memorandum that was agreed with the International Monetary Fund, European Central Bank and the European Commission.”

Greece holds a fresh round of elections on June 17 after an indecisive vote on May 6 resulted in some 70 percent of voters supporting parties opposed to more austerity measures contained in the memorandum Merkel referred to.

Latest polls show the leftist SYRIZA party, which has vowed to tear up the memorandum with Greece’s international partners, running neck-and-neck with the pro-austerity New Democracy.

"This memorandum is the foundation for a favorable development and we have to say that clearly to all those who are seeking election in Greece,” Merkel stressed.

The memorandum is part of a deal struck with Greece’s international creditors that demands billions of euros (dollars) in spending cuts in return for bailout cash and a debt writedown to keep the country afloat.

Critics argue it has made the situation worse by plunging the country into a deep recession.

EU leaders meeting in Brussels for an informal summit on May 23 declared they wanted Greece «to remain in the euro area while respecting its commitments.” [AFP]

ekathimerini.com , Friday June 8, 2012 (18:11)  
Police, ministry dodge blame for migrants order
Speaker says laws may not stand
Creditors maintain tough stance as Greece presents reforms
Ex-SDOE chief Diotis says he received altered Lagarde list
Industrial products offset agricultural exports’ losses
The decline in the export of agricultural products and losses resulting from the Russian embargo were offset last year by the increase in exports of industrial products and Greek products’ i...
BoC disposing of 41 properties across Greece
The Bank of Cyprus group is putting up for sale a total of 41 properties across Greece which in most cases are leased out to third parties and belong to the group’s subsidiary firm, Cyprus L...
Inside Business
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
Inside Sports
FOCUS
Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
Strapped for cash and under pressure to deliver on reforms, Greece's new radical government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating tabl...
COMMENTARY
Up the creek without a paddle
One of the issues that dominated the country’s pre-election debate was whether SYRIZA, which eventually won the vote, had worked out a plan B. It was clear from the start that its much-hyped...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Industrial products offset agricultural exports’ losses
2. BoC disposing of 41 properties across Greece
3. RAE offers gift to natural gas power plants
4. Emergency intervention by BoG to acquire T-bills
5. Valavani offers debt penalty write-off
6. Police, ministry dodge blame for migrants order
more news
Today
This Week
1. Up the creek without a paddle
2. Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
3. Panousis says no official decision on undocumented migrants
4. More Germans booking holidays in Greece, tourism chief says
5. For Greece, a lesson from Ireland, Kenny says
6. ECB glimpse of Cyprus debt shows limits of bank cleanup
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.