Friday October 31, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
G8 leaders back Greece

 World’s most powerful say they want country in euro as Germany holds firm line
US President Barack Obama (l) and French President Francois Hollande (r) at the G8 summit in Camp David, the presidential retreat in Maryland, USA.

World leaders convening in the US presidential retreat in Maryland for the G8 summit of the world’s leading industrialized nations expressed conviction over the weekend that action must be taken to keep Greece in the eurozone and curb the financial turmoil shaking global markets as European officials insisted Athens must respect the terms of a debt deal signed with its foreign creditors to safeguard crucial rescue loans.

“We reaffirm our interest in Greece remaining in the eurozone while respecting its commitments,” the G8 leaders said in a joint statement, but they did not propose any specific measures for easing the crisis.

The written statement followed expressions of support by individual leaders, notably French President Francois Hollande. Speaking after talks with US President Barack Obama on Saturday, Hollande said, “We share the same views, the fact that Greece must stay in the eurozone and that all of us must do what we can to that effect.”

German Finance Minister Wolfgang Schaeuble, whose stance against Greece has hardened in recent months, took a firmer line. In an interview with Kathimerini published Sunday, he said the idea of Greece continuing to receive aid without honoring its commitments was “a pipe dream.”

His comments echoed those to Germany’s tabloid Bild, that “European solidarity isn’t a one-way street.” Greece’s political leaders “are obliged to tell voters that participation in the eurozone is linked to many advantages but also many preconditions,” the German minister told Kathimerini. He said Greeks would not just be voting for a party next month but “answering existential questions,” an apparent reference to debate about Greece’s future in the eurozone.

This issue came sharply into focus late Friday when Greek authorities revealed that German Chancellor Angela Merkel had raised the idea of Greece holding a referendum on euro membership in parallel to elections.

Over the weekend, the chancellor’s office continued to deny that Merkel had made such a proposal during her telephone call to President Karolos Papoulias on Friday night. German news magazine Der Spiegel confirmed that the chancellor had broached the idea however, adding that it was floated by Schaeuble at the Ecofin summit last Monday. The intervention prompted angry responses from Greek political leaders.

ekathimerini.com , Sunday May 20, 2012 (21:54)  
A year after GD members shot dead, police have no leads
No new Manolada trial, court rules
Greece poised to send reform proposals to troika
Extended summer timetable at museums, sites hailed a success
Power rates soared 60 pct in six years
During the 2008-13 Greek recession, the country endured the steepest domestic electricity rate hikes seen anywhere in the European Union, amounting to a total of 60 percent over the six year...
NBG chairman sees risks to recovery
The chairman of National Bank of Greece warned on Thursday that political, economic and geopolitical risks pose a threat to the country’s recovery. “Unfortunately we made too much noise and ...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Obradovic watches Greens thrash his Fenerbahce
2. Berg returns to add spice to Panathinaikos´s Cup win
3. Power rates soared 60 pct in six years
4. NBG chairman sees risks to recovery
5. Greek consumers shift toward money saving
6. IMF could offer know-how in backup plan for Greece
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. European stocks tumble as banks decline after Enria’s comments
5. Over 1,500 buildings and vehicles damaged in flash floods
6. Civil servants to be investigated for transferring money abroad
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.