Saturday May 25, 2013 Search
Weather | Athens
29o C
18o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel warns gov't allies to ‘weigh words’ on Greece

German Chancellor Angela Merkel warned her coalition partners advocating a Greek exit from the euro to “weigh their words,” as she signaled a renewed determination to keep the single currency intact.

Asked about comments by a leader of her Bavarian Christian Social Union governing partner calling for Greece to depart, Merkel told ARD television that such remarks were damaging as crisis fighting has reached a “decisive phase.” Alexander Dobrindt, the CSU’s general secretary, told today’s Bild newspaper that Greece wouldn’t be part of the 17-nation euro area next year.

“Everybody should weigh their words very carefully,” Merkel told ARD on Sunday in Berlin. The Greek government under Prime Minister Antonis Samaras is undertaking “serious efforts” to reduce its debt, she said, and repeated that Germany will stand by the country where the crisis originated.

Merkel also called the permanent bailout fund, the European Stability Mechanism, “absolutely necessary” to overcome the crisis and signaled that she’s confident that the Federal Constitutional Court will approve the measure when it decides on the matter on Sept. 12.

“I think we’ve brought forward good arguments” for the ESM, Merkel said, alluding to the euro-area’s fiscal pact.

The German leader said the European Central Bank has a “very clear” mandate to ensure the single currency’s stability and that any plan decided under ECB President Mario Draghi will conform with that mandate.

Responding to criticism over sovereign debt purchases made by Bundesbank President Jens Weidmann, Merkel said she welcomed input from Germany’s central bank

“I think it’s a good thing that Jens Weidmann continues to make demands on policy makers,” Merkel told ARD.

Weidmann told today’s Der Spiegel magazine that a proposed new wave of sovereign bond purchases by the ECB may increase governments’ reliance on such funding and won’t help solve the euro-area debt crisis.

“We shouldn’t underestimate the danger that central bank financing can become addictive like a drug,” Weidmann said in an interview with Spiegel. “Such policy is too close to state financing via the money press for me.”

[Bloomberg]

ekathimerini.com , Sunday August 26, 2012 (21:17)  
Two arrested, one sought in Mani for growing cannabis plants
Hydra blaze under control
Verhofstadt urges Greece to take reforms
Illegal booze plant seized
Greece changes term of gas privatization to accomodate Gazprom, source says
Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm, a senior official direc...
EU leaders to focus on tackling youth unemployment at next summit
European leaders have decided youth unemployment and the risk of social breakdown are among the toughest challenges they face and finding solutions will be a top priority for the coming mont...
Inside Business
BASKETBALL
Rethymno completes PAOK upset, sets up clash with Reds
Olympiakos will face AGO Rethymnou and Panathinaikos will measure up against Panionios in the semifinals of the Greek basketball league, as the quarterfinals of the playoffs saw AGOR upset P...
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...
Inside Sports
COMMENTARY
Don’t forget the small and medium-sized companies
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
EDITORIAL
Doing the job, despite problems
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure. Through their behavior and professionalism,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Rethymno completes PAOK upset, sets up clash with Reds
2. Greece changes term of gas privatization to accomodate Gazprom, source says
3. EU leaders to focus on tackling youth unemployment at next summit
4. Two arrested, one sought in Mani for growing cannabis plants
5. Hydra blaze under control
6. Verhofstadt urges Greece to take reforms
more news
Today
This Week
1. Greek prices ‘on level of Germany’
2. Greece visa pledge attracting investors
3. Greek government in bid to mend rift over anti-racism bill
4. Greece changes term of gas privatization to accomodate Gazprom, source says
5. OSE has troika’s blessing for routes
6. Two arrested, one sought in Mani for growing cannabis plants
Today
This Week
1. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
2. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
3. Eurozone decisions on direct bank recap and debt relief for Greece imminent, says Dijsellbloem
4. On a dangerous path
5. Greece isn't turning the corner
6. We’re not out of the woods
   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.