Sunday December 21, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Talk of fresh haircut is counterproductive, Schaeuble tells Greek audience

German Foreign Minister Wolfgang Schaeuble on Thursday hailed Greece's reform efforts, adding however that a lot remains to be done.

"There is no way around structural and fiscal reforms... There is no convenient shortcut," Schaeuble said during a press conference at the Greek-German Chamber in Athens that was attended by his Greek counterpart Yannis Stournaras and Development Minister Costis Hatzidakis.

Schaeuble urged Greece to give up talk about the need for a fresh debt haircut, rejecting speculation as counterproductive. We have to stick to what has been agreed. Anything else is not in the best interest of Greece, he said.

After midnight on Wednesday, Greece's shaky coalition government scraped through a vote on a bill to sack public sector workers as thousands chanting anti-austerity slogans protested outside parliament.

After a tense session, 153 lawmakers out of the 293 present voted in favor of the bill, whose passage was required to unlock nearly 7 billion euros ($9.2 billion) in aid from European Union and International Monetary Fund lenders.

Speaking at the conference on Thursday, Stournaras said the crisis presented Greece with an opportunity to overcome its own structural problems. The Greek finance minister said the path for European recovery lies with deeper political and economic integration.

The things that united Greece and Germany are far more than the things that divide them, Stournaras said.

Hatzidakis announced the creation of an investment fund with German investment bank KfW aimed at boosting growth in the debt-wracked country.

In an interview with Der Handelsblatt published on Thursday, Hatzidakis predicted that 2013 will be the last year of recession for Greece.

ekathimerini.com , Thursday Jul 18, 2013 (14:07)  
Greek PM offers compromise solution with elections by end-2015
Environment Ministry to reconsider controversial bill
Corfu to host countrys first hydroplane strip
Political upheaval sharpens after bribe claims with threats and insinuations
Political saga is harming liquidity
Greece is likely to hold snap elections in early February, extending the period of political uncertainty for another month-and-a-half, if not more. This will have economic consequences, perh...
Bad timing for tenders as oil rates decline
The first major opening of the domestic hydrocarbon market happens to have coincided with the unexpected and rapid decline in global oil prices. This has raised concerns in the Energy Minist...
Inside Business
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
COMMENTARY
Who lost Greece
If Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed Greece beyo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Political saga is harming liquidity
2. Bad timing for tenders as oil rates decline
3. Tax exemptions deprive state budget of over 3.5 bln euros
4. Teiresias to track letters of guarantee
5. Agenda
6. Greek PM offers compromise solution with elections by end-2015
more news
Today
This Week
1. Greek PM offers compromise solution with elections by end-2015
2. Who lost Greece
3. Crisis of confidence will come back again and again, says Thomas Piketty
4. Snubbing the moderates
5. Agenda
6. Teiresias to track letters of guarantee
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Gap between SYRIZA and New Democracy closing, says poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.