Saturday Jul 26, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Europeans leave little wiggle room for renegotiation

A European diplomat based in Berlin has told Kathimerini that there is little appetite in the German government or parliament to renegotiate Greece’s fiscal adjustment program and provide Athens with more time to meet its targets and more loans to cover its funding gaps in the meantime.

“Time is money and the German government cannot give more money to Greece, which means that it cannot give more time either,” said the official, who wished to remain anonymous.

The diplomat suggested that Berlin would be willing to hold talks about the bailout terms with the next Greek government if it is committed to the fiscal adjustment. “We can discuss matters with a government that intends to meet the commitments Greece has taken on, even if this is using different methods, as long as it is also reliable.”

The position adopted by the official matches views expressed in other parts of Europe.

“The headline targets cannot be changed,” one senior EU official told Reuters. “There could be some tweaks to the path to get there, but not the goals.”

“If the Greeks do not meet the commitments they have made, do not meet their financial commitments, do not repay loans, Slovakia will demand that Greece leaves the eurozone,” Slovak Prime Minister Robert Fico told his country’s parliament, although he said Europe should strive to keep Greece in.

A German EU official told Reuters regardless of who wins the Greek vote, a new government would be given a final chance. “There will be a very clear 100-day plan for a new government. If it’s not implemented in full, then the game is over,” the official said. “This is a very bitter election for the Greek people. They are being asked to support the old guard that got them into this mess.”

The International Monetary Fund would not be drawn on what might happen after the elections on Sunday.

“I think we need to take this one step at a time,” said IMF spokesman Gerry Rice. “I think we should respect the democratic process in Greece and once there is a new government, the IMF will engage in a new dialogue with the new government.”

ekathimerini.com , Thursday June 14, 2012 (22:23)  
MP steps in to get power back on at invalid’s home
Civil servants who changed contracts to undergo checks
Coalition hopes to avoid restoring armed forces wages in full
Italy adds to calls for FYROM name row to be solved
Trade deficit grows 9.5 pct in Jan-May
Greece’s trade deficit recorded a 9.5 percent increase in the January-May period this year compared with the first five months of 2013, data compiled by the Hellenic Statistical Authority (E...
Number of 5-star hotel rooms rises 31.4 percent in four years
The number of rooms at five-star hotels in Greece rose by 31.4 percent from 2009 to 2013, according to a survey conducted by the Research Institute for Tourism of the Hellenic Chamber of Hot...
Inside Business
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
SOCCER
Olympiakos downs AC Milan 3-0 in friendly
Greek champion Olympiakos defeated Italy's AC Milan 3-0 late on Thursday in a friendly match that launched the International Champions Cup in Canada and the US. The result, with goals from A...
Inside Sports
TALK
What lessons can we draw from antiquity?
Our theme is limits. And we are gathered here at this limit of Europe, close the to sea: the limitless, the boundless. And we face all sorts of limits. There are the limits of knowledge – fa...
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the country’s fate since then are unable to act their age. For decad...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Trade deficit grows 9.5 pct in Jan-May
2. Number of 5-star hotel rooms rises 31.4 percent in four years
3. Greeks get slightly less downbeat
4. Banks reluctant to issue credit
5. MP steps in to get power back on at invalid’s home
6. Civil servants who changed contracts to undergo checks
more news
Today
This Week
1. Greek coast guard picks up 77 migrants off Myconos
2. Draghi safety net becoming blindfold as bonds soar
3. Aegean Airlines resumes flights to Tel Aviv
4. Police report points to less crime in 2014
5. Godfather, 35, shot at Karditsa christening dies
6. Thousands of dead fish surface in Lake Pamvotis
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Unequal after death
5. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
6. Quadriplegic woman on life support 'dies due to unpaid power bills'
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.