Monday Jan 26, 2015 Search
Weather | Athens
17o C
10o 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)  
SYRIZA heads for historic victory but without majority
Prison probes violent attack against N17 convict Xeros
Exit polls suggest big margin of victory for SYRIZA
Greece’s diplomatic missions ‘on hand to assist Greeks in Ukraine’
Talks with troika the main test
The left-wing SYRIZA party’s triumph in the Greek national elections sends a strong message across the eurozone that excessive austerity will have political and social repercussions if pursu...
Fiscal gap from revenues at 2.3 bln euros
With the state budget apparently already suffering revenue losses of more than 1 billion euros in the first month of the year, the new government will have to respond quickly to the major fi...
Inside Business
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
FOCUS
A SYRIZA government in Greece: what it wants and what might be possible
The left-wing SYRIZA party led by Alexis Tsipras looks likely to win the Greek general election on Sunday after campaigning on a pledge to renegotiate the country’s international bailout and...
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sunday’s election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. SYRIZA heads for historic victory but without majority
2. Prison probes violent attack against N17 convict Xeros
3. Talks with troika the main test
4. Fiscal gap from revenues at 2.3 bln euros
5. Liquidity noose tightening around local lenders’ necks
6. Banks make plans for tackling impact of Swiss franc’s growth on borrowers
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015 | LIVE
3. Greek Elections 2015 Results | LIVE
4. Greeks vote for reform path or defiance
5. A SYRIZA government in Greece: what it wants and what might be possible
6. Exit polls suggest big margin of victory for SYRIZA
Today
This Week
1. Greek Elections 2015 | LIVE
2. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
3. Greek Elections 2015 | LIVE
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. QE exclusion a ‘de facto Grexit’
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.