Friday November 28, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece 'needs austerity programs,' says Schaeuble

German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was «not a one-way street."

"To tell the Greeks that they need not apply austerity deals to which they have agreed is to lie to them,» Schaeuble told the weekly Bild am Sonntag.

"European solidarity is not a one-way street ... And then structural reforms in Greece are necessary in any case, there's no more 'we'll muddle through as usual'."

Schaeuble said he would not interfere in the Greek campaign ahead of June 17 repeat elections. «But I can say that the direction we and Greece have chosen must be pursued and will be pursued» by the Greek people.

"Some people in Greece seem to believe that they can evade responsibility because 'those in Brussels' will not budge,» said Schaeuble, referring to the potentially high costs for EU taxpayers should Greece quit the eurozone and default on its debt.

The radical leftist Syriza party which stormed to second place on an anti-austerity ticket in Greece's May 6 polls says the time is ripe to reject austerity policies that have plunged Greece into a deepening five-year recession.

To secure EU-IMF loans, Greece was recently forced to slash its minimum wage levels and amend labour laws to facilitate layoffs in a country already grappling with an unemployment rate of over 20 percent.

Syriza called such measures «barbaric» and said they must be overturned immediately.

A loose coalition of leftist groups led by 37-year-old engineer Alexis Tsipras, Syriza more than tripled its ratings in the last election -- which produced no clear victor -- and looks poised to further boost its strength in next month's polls. [AFP]

ekathimerini.com , Sunday May 20, 2012 (09:21)  
Seven PASOK MPs voice support for party leader
New law could transfer control of unused buildings
Greece set to accept continued role for IMF
Independent Greeks MP claims bribe attempt
PPC profits power up in Jan-Sept
Public Power Corporation’s impressive profits in the first nine months of 2014 create significant scope for a reduction in electricity rates and are the result of a cut in spending on fuel a...
Papastratos banking on exports
Leading tobacco firm Papastratos on Wednesday announced that a planned investment of 25 million euros in the transformation of the company’s factory into an exporting center is in the works....
Inside Business
SOCCER
PAOK is one win from Europa League´s last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
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...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK is one win from Europa League´s last 32
2. First defeat for Olympiakos in Euroleague
3. PPC profits power up in Jan-Sept
4. Papastratos banking on exports
5. Saudi group Olayan to enter Costa Navarino
6. Bank-financed property transactions rise a notch
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Greece scrambles to find food, shelter for 700 migrants on crippled ship
4. Chief suspect in Piraeus bar shooting arrested
5. Scraping together the 180 MPs will not be enough
6. Troika talks to continue after failure to wrap up negotiations in Paris
Today
This Week
1. Give Greece a chance
2. Scientists expand excavation of ancient Amphipolis
3. Extremism from a bygone era
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s 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.