Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Lucas Papademos says sacrifices not a 'lost cause'

Outgoing Greek Prime Minister Lucas Papademos warned early on Thursday that a rejection of the EU-IMF memorandum would lead the country out of the eurozone.

In an open letter addressed to the Greek people Papademos stated that the coalition government he led had a specific agenda: to avoid a disorderly default, the approval of a second bailout package of 130 billion euros for Greece and the completetion of PSI, the private sector involvement in the Greek debt, among others.

The sacrifices of Greek citizen were not a 'lost cause' noted Papademos but made in view of reforming the Greek economy and the country retaining its position in the European Union.

Regarding the May 6 election outcome, Papademos noted that while a large portion of the Greek citizens expressed a desire for changes to the country's economic policy, any amendment to the latter ought to be pursued in agreement with the country's partners.

Papademos called a unilateral rejection of the country's binding agreements disastrous, a move which would lead the country outside the eurozone and possibly out of the European Union altogether.

Meanwhile, Council of State president Panayiotis Pikrammenos was appointed caretaker Prime Minister on Wednesday, while his 16-minister cabinet was sworn in on Thursday morning.

ekathimerini.com , Thursday May 17, 2012 (11:14)  
Demolition of uninhabited homes at Roma camp goes ahead
New suburban railway station opens in Athens suburb of Tavros
Thessaloniki transport gets more expensive
Smallpox decimates sheep stocks in northern Greece
Greek factory activity returns to contraction in September - PMI
Greek factory activity contracted at the fastest rate in almost a year in September as output and new orders declined, a survey showed on Wednesday. Markit's purchasing managers' index for m...
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
European Central Bank President Mario Draghi is set to push the ECB to buy junk-rated Greek and Cypriot bank loans, a move that may increase tensions between Germany and the bank, the Financ...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek factory activity returns to contraction in September - PMI
2. Demolition of uninhabited homes at Roma camp goes ahead
3. Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
4. New suburban railway station opens in Athens suburb of Tavros
5. Thessaloniki transport gets more expensive
6. Smallpox decimates sheep stocks in northern Greece
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Smallpox decimates sheep stocks in northern Greece
3. Truth before the battle
4. Bending the rules
5. Thessaloniki transport gets more expensive
6. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.