Thursday May 23, 2013 Search
Weather | Athens
30o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
More time does not mean more money, Samaras tells Bild

Greek Prime Minister Antonis Samaras wants international lenders to give his indebted country more time to complete reforms that have been demanded as a condition for financial aid, he told Germany's Bild newspaper.

Samaras, who meets Eurogroup chief Jean-Claude Juncker on Wednesday and French President Francois Hollande and German Chancellor Angela Merkel later this week, said that would help Greece return to growth.

Samaras, leading a country in its fifth year of recession at a time when social and political discontent are rising, is keen to soften the impact of budget cuts on society by seeking more time to push through his reforms.

"Let me be very explicit: we demand no additional money. We stand by our commitments and by fulfilling all our requirements. We have to crank up growth because that decreases the financial gaps,» Samaras told Bild newspaper's Wednesday edition. «All we want is a bit of 'air to breathe' to get the economy running and to increase state income. More time does not automatically mean more money."

Samaras had been expected to lobby for Greece to be given two more years to get its budget deficit below three percent of GDP - currently scheduled for end-2014 - but he did not say how much more time he wanted. The deficit was 9.3 percent of GDP in 2011.

Samaras said Greece, which has been bailed out twice, was making progress on the tough reforms that creditors have demanded but acknowledged much had gone wrong in the past.

"We will soon have a smaller, healthier and significantly more efficient public service,» he said.

"We are making progress, we are reducing the overall number of public servants and I have decided to hire only one person for every 10 retired civil servants."

The bulk of the cuts are expected to come from reductions in spending on pensions, social benefits, public sector wages and health system costs, including the firing of up to 40,000 civil servants.

A Greek exit from the euro zone, which many politicians in Germany and elsewhere have talked about recently, would be a nightmare for Greece and would reduce the standard of living by a further 70 percent, Samaras said.

"It would mean at least five more years of recession and unemployment would rise above 40 percent. A nightmare for Greece: economic collapse, social unrest and an unseen crisis of democracy."

[Reuters]

ekathimerini.com , Wednesday August 22, 2012 (08:09)  
Anti-racism bill might go back to coalition leaders
EU leaders agree to step up fight against tax evasion
Greece sees backing for energy plans in European Council conclusions
SYRIZA takes step toward unity
MARKETS
ATHEX plans big New York roadshow
The Athens Exchange and the American-Hellenic Chamber are organizing the second investors’ forum in New York next month with the participation of 28 companies listed on the local bourse, up ...
FINANCE
Tax overhaul draft sees no declarations for single incomes
Taxpayers with just one source of annual income will not need to submit an income tax declaration as of next year according to the draft of the new tax code. According to the new set of regu...
Inside Business
SOCCER
PAOK bounces back to win at Asteras
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
BASKETBALL
Playoffs begin in basketball with Rethymno upsetting PAOK
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
Inside Sports
COMMENTARY
Keeping the pirates at bay
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
EDITORIAL
The writing on the wall
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. PAOK bounces back to win at Asteras
2. Playoffs begin in basketball with Rethymno upsetting PAOK
3. ATHEX plans big New York roadshow
4. Tax overhaul draft sees no declarations for single incomes
5. TAIPED cancels Afandou tender
6. National’s recap in final stretch
more news
Today
This Week
1. Son stabs mother to death in Agrinio
2. Young actor dies
3. Western Macedonia has fifth highest regional unemployment rate in EU, Eurostat finds
4. Greek current account deficit down 42.5% y-o-y to 1.3bln euros in March
5. Arson attack causes extensive damage to Glyfada EOPYY branch
6. Greece's public debt rose slightly to 168.6 percent of GDP in Q1 of 2013
Today
This Week
1. Greece: A reality check
2. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
3. Greek economy shrank by 5.3% in Q1 of 2013 as recession continues
4. Greece isn't turning the corner
5. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
6. On a dangerous path
Advertiser Link
Last minute info: intensive Greek language lesson in Thessaloniki, 28/5-7/6/2013 – low fees
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.