Thursday May 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Danger of euro exit still real, Kouvelis warns

Greece has not fully escaped the danger of leaving the euro area, the Democratic Left leader said in an interview on Sunday, while urging faster reforms to remedy the debt-wracked nation's structural deficits.

In comments made to Skai television channel on Sunday, Fotis Kouvelis, the boss of the third biggest party in Greece's power-sharing coalition, warned against any more horizontal cuts in the recession-hit country, while criticizing austerity measures passed by the previous administrations as uneven, unfair, unbearable and counter-productive.

The moderate leftist leader instead called for policies aimed at boosting growth and curbing unemployment. He also urged measures to crack down on tax dodging, corruption and the black market.

Greece, currently in its fifth year of recession, depends on financial aid from the European Union and the International Monetary Fund which have imposed budget cuts that have caused a wave of corporate closures and triggered job losses. Unemployment hit 22.5 percent in April.

Kouvelis told Skai Greece needed to renegotiate the terms of its bailout program and seek an extension of the fiscal adjustment period. But any modifications, he said, must be pushed through contacts with the governments of Greece's EU peers and not through the troika of creditors, which he dubbed a mediator institution.

But on Saturday, German Foreign Minister Guido Westerwelle ruled out any renegotation of Greece's budget austerity program.

I see desires emerging in Greece to renegotiate and substantially question the country's obligations to carry out reforms. I have to say simply, that will not do. It is a Rubicon that we are not going to cross, Westerwelle told German daily Bild.

Troika inspectors are expected in Athens this week for another in-depth inspection of the new government's economic program.

ekathimerini.com , Sunday Jul 22, 2012 (11:58)  
Athens, creditors offer conflicting views on negotiations
Opposition presses PM over deal with lenders
Stamati makes sixth appeal to be granted house arrest
Athens responds after Albanian PM calls for new talks on maritime borders
New measure to benefit tax dodgers
The government is offering amnesty to all tax dodgers, even those under investigation by prosecuting authorities, therefore writing off very serious tax crimes that normally get punished wit...
OTE planning to hire up to 500 employees
OTE telecom is planning to hire a few hundred employees, though the exact number will depend on the take-up rate of two voluntary exit programs is has announced and the specialization of the...
Inside Business
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next seasons Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Panathinaikos conquers PAOK through Tavlaridis goal
2. New measure to benefit tax dodgers
3. OTE planning to hire up to 500 employees
4. ENFIA to drop up to 30 pct this year
5. Drachma clause demands are a deja-vu for hoteliers
6. ECB tells Athens to reach a deal
more news
Today
This Week
1. Some 300 mln left banks on Tuesday
2. Romantic notions meet reality
3. Target of Greek scorn shapes nations fate as IMFs storm-chaser
4. The G-7's problem: Can the world deal with a Greek default?
5. Solving the Gordian Knot
6. FYROM PM blames Greece for name impasse
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a Greek default clause
3. Neither Grexit nor a dual currency will solve Greeces problems
4. No more 'quick and dirty' fixes for Greece
5. Merkel said to plan address for Greece if deal reached
6. Govt proposes bank transaction levy
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.