Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
German FinMin urges Greece to stop speculation of new debt haircut [update]

 'We have to stick to what has been agreed,' Schaeuble tells Athens audience
'Another haircut beyond the 53 percent for the private sector is not doable,' Schaeuble said in Athens on Thursday.

Greece must stop lobbying for a second restructuring of its debt, German Finance Minister Wolfgang Schaeuble warned on Thursday, saying that was not in the country's best interests.

“My advice is not to continue this discussion,” Schaeuble told a Greek-German Chamber of Commerce event during a visit to Athens. “We have to stick to what has been agreed. Anything else is not in the best interest of Greece.”

“Another haircut beyond the 53 percent for the private sector is not doable,” he said at the conference that was attended by his Greek counterpart Yannis Stournaras and Development Minister Costis Hatzidakis.

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.

Meanwhile, Greece's Development Minister 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.

Tight security

More than 4,000 police officers were on duty Thursday for Schaeuble's one-day visit during which he will meet conservative Prime Minister Antonis Samaras and other senior Greek officials.

Demonstrations have been banned throughout Athens during the trip.

Police placed parliament and the city's main Syntagma Square off limits to protesters, in security measures that were more extensive than those reserved for heads of government. Busy downtown subway stations were also closed for the day, while traffic restrictions were imposed along the route from Athens International Airport into the capital.

Leftist SYRIZA opposition described the police measures as “fascist and undemocratic.” [Combined reports]

ekathimerini.com , Thursday Jul 18, 2013 (14:36)  
Greek private workers´ union calls 24-hour strike for November 27
Finance Minister appeals for support for amendments ahead of vote
Credit line only open to Greece if it meets economic targets, sources say
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
Tax revenues increased by nearly 1 billion euros in the second quarter of this year, according to data released on Friday by the Hellenic Statistical Authority (ELSTAT) on Friday while publi...
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
Inside Business
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
2. ECB bank assessment to show 6-billion-euro capital gap, Citi says
3. EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
4. Greek private workers´ union calls 24-hour strike for November 27
5. Finance Minister appeals for support for amendments ahead of vote
6. Credit line only open to Greece if it meets economic targets, sources say
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. ECB vies for third time lucky in European stress tests
3. Clocks to go back 1 hour on Sunday
4. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. Cyprus president to be released from hospital on Friday following readmission
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.