Thursday September 18, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Finmin: some want Greece out of eurozone [UPDATE]

 Venizelos tells President that Athens must convince peers it belongs in euro club

Finance Minister Evangelos Venizelos told President Karolos Papoulias on Wednesday that there were growing calls for Greece to exit the eurozone and stressed that Athens must convince its peers that it belongs in the single currency zone.

"There are lots of people in the eurozone who no longer want us in. We have to convince them that we can stay in the euro zone, that we can regain the ground we have lost,» Venizelos told Papoulias.

The minister added that the country was “on the razor’s edge” and that attempts to finalize the details of the new debt program “were proving to be very difficult as there as there are some people in Greece and abroad are playing with fire,» the minister continued, without elaborating. «Some have matches, others have torches,» he added.

He referred to a “tragic dilemma.» “Unfortunately the dilemma is sacrifices or economic disaster which would drag down society and probably our institutions and the level of our democracy.”

According to sources, Venizelos was invited by the president who asked to be briefed following the inability of the government to offer eurozone officials the guarantees they had demanded in time for a Eurogroup summit which had been scheduled for Wednesday. Instead eurozone finance ministers are to hold a teleconference call to discuss «outstanding issues."

The eurozone officials had demanded details on how Athens plans to cover a 325-million-euro savings shortfall and political guarantees from party leaders.

A proposal by the government to cover the shortfall with cuts to defense spending, public investment funds and the health sector was reportedly not accepted by creditor nations. Some reports indicated last night that supplemental and main pensions might be cut to make up some of the shortfall. Venizelos did not specify in his comments to Papoulias that pension cuts were on the cards but his references to the need for sacrifices indicated that authorities were likey to impose further austerity measures.

As for the political guarantees demanded, Socialist PASOK leader and former premier George Papandreou reportedly sent his letter late on Tuesday while the head of conservative New Democracy was expected to send his on Wednesday.

ekathimerini.com , Wednesday February 15, 2012 (13:08)  
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 Exchange’s London roadshow got under way at Bloomberg’s 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.