Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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 Zealands 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 Greeces 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 Greeces 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)  
Education minister calls for probe into predecessors reform plan
Anti-racism bill goes back to Parliament
Athens condemns Erdogan comments about Cyprus
Government tries to lower hopes ahead of Paris talks
Tourism targets rise ever higher
The latest data have allowed the Hellenic Association of Tourism Enterprises (SETE) to raise its target for tourism arrivals and revenues this year higher still. During a meeting with main o...
Horse race betting hurdle removed for OPAP
The new tender for the concession of the right to organize and operate wagering on horse races in Greece for the next 20 years will include a number of changes in its terms, despite assuranc...
Inside Business
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EUs three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Polands prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the countrys need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Dont feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.