Wednesday Jul 30, 2014 Search
Weather | Athens
32o C
25o 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)  
Greek foremen avoid jail after firing on migrant laborers [Update]
Wine cup used by Pericles found in grave north of Athens
SYRIZA, DIMAR representatives to hold talks Thursday
Two of four suspects in Nea Manolada strawberry farm shooting convicted
Six firms submit bids to lease Vouliagmeni beach
Six companies have made bids to Greece Public Properties Company (ETAD) to lease Vouliagmeni beach in southern Athens for at least the next 15 years. ETAD opened the sealed bids on Tuesday. ...
IMF´s Lagarde not sure yet about debt relief for Greece
It is not clear yet whether Greece needs debt relief, according to International Monetary Fund managing director Christine Lagarde. “I would not pass judgment on whether or not debt relief i...
Inside Business
SOCCER
Verona´s Moras donates bone marrow to brother
Hellas Verona defender Vangelis Moras is in Australia to donate bone marrow to his older brother Dimitris, who has leukemia. The transplant will take place on Saturday. Dimitris flew to Aust...
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greece’s former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Verona´s Moras donates bone marrow to brother
2. Greek foremen avoid jail after firing on migrant laborers [Update]
3. Wine cup used by Pericles found in grave north of Athens
4. SYRIZA, DIMAR representatives to hold talks Thursday
5. Two of four suspects in Nea Manolada strawberry farm shooting convicted
6. Six firms submit bids to lease Vouliagmeni beach
more news
Today
This Week
1. Six firms submit bids to lease Vouliagmeni beach
2. IMF's Lagarde not sure yet about debt relief for Greece
3. Coalition submits new proposals for Greek coastline
4. Wine cup used by Pericles found in grave north of Athens
5. EU Commissioner Damanaki unlikely to return to Greek politics
6. Police arrest one, seek another three over counterfeit goods
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
6. Defense Minister Avramopoulos to represent Greece at European Commission
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.