Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel 'vetoes quick aid' for Greece

German Chancellor Angela Merkel has blocked a bid by her powerful finance minister to offer fresh aid to Greece ahead of European elections in May, Der Spiegel magazine reported on Sunday.

Finance Minister Wolfgang Schaeuble had wanted to give the ailing Greek government a "demonstration of solidarity" by committing this spring to further support from Europe after the May 25 poll.

"He sees the danger that without the prospect of further aid, radical parties in Greece could make big gains in the election," leading the government in Athens to collapse, the magazine reported.

However, it said Merkel's own domestic political concerns led her to veto the move over fears that the euroskeptic Alternative for Germany (AfD) could benefit from a fresh debate about aid for Greece.

The AfD, which wants to abandon the euro and return to the deutschmark, was formed last year and failed to win any seats in September's general election.

But it scored seven percent in a recent poll, far above the three-percent hurdle for seats in the European Parliament.

The Eurogroup of eurozone finance ministers, where Schaeuble represents Europe's biggest economy, decided in November that Greece could apply for help in reducing its massive debt if it achieves a primary budget surplus.

Prime Minister Antonis Samaras said Sunday that Greece had registered a surplus of more than than 1.5 billion euros ($2.05 billion), exceeding requirements for additional debt aid.

However EU Economics Affairs Commissioner Olli Rehn said in an interview published Sunday that he opposed further help for Athens ahead of the European elections.

He told Germany's Welt am Sonntag that a debate about further debt relief for Greece could be discussed "over the summer or afterwards."

At the height of the eurozone debt crisis, bankrupt Greece and other countries were forced to implement painful spending cuts in return for billions of euros in bailout aid from the EU and International Monetary Fund.

Merkel and Schaeuble, as the chief champions of efforts to impose austerity, attracted the rage of citizens bearing the brunt of the measures.

In addition to the European poll, Samaras faces risky local elections in May in which his conservative party's main rivals, the anti-austerity leftist party SYRIZA, are poised to score major gains. [AFP]

ekathimerini.com , Sunday February 16, 2014 (19:29)  
Ship with 700 migrants safely towed to Greek coast
Independent Greeks MP to be questioned over bribery claims
Greece paralyzed by major strike, flights cancelled
Chief suspect in Piraeus bar shooting arrested
ILO report warns of prolonged social crisis unless steps are taken in employment
The International Labor Organization this week warned that Greece faces a prolonged social crisis unless steps are taken to improve the "anemic" pace of job creation. In a report titled "Pro...
Greek tobacco firm Papastratos planning 25-mln-euro investment
Greek tobacco manufacturer Papastratos is planning an investment of 25 million euros at its facility in Aspropyrgos, west of Athens, the listed company's president and CEO, Nikitas Theofilop...
Inside Business
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Ship with 700 migrants safely towed to Greek coast
2. ILO report warns of prolonged social crisis unless steps are taken in employment
3. Greek tobacco firm Papastratos planning 25-mln-euro investment
4. Independent Greeks MP to be questioned over bribery claims
5. Greece paralyzed by major strike, flights cancelled
6. Chief suspect in Piraeus bar shooting arrested
more news
Today
This Week
1. Troika talks to continue after failure to wrap up negotiations in Paris
2. Greece scrambles to find food, shelter for 700 migrants on crippled ship
3. Chief suspect in Piraeus bar shooting arrested
4. Greek diplomat dies in fall under Thai train
5. Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
6. Bourse index recovered on Wednesday
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.