Wednesday April 23, 2014 Search
Weather | Athens
23o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Samaras vows new raft of austerity will be the last

Prime Minister Antonis Samaras pledged on Thursday that a package of some 11.5 billion euros in austerity measures for 2013 and 2014 would be the last for Greeks who have suffered more than two years of wage and pension cuts but stressed that new sacrifices were unavoidable if the country is to secure its position in the eurozone.

In a speech to party officials, Samaras said the austerity would be offset by crucial structural reforms and a bold privatization program that would boost growth after five years of recession.

"This is the last such package of spending cuts, Samaras told a meeting of his conservative party's officials, adding that the Greek economy can take no more."

Acknowleding that many of the measures are are difficult and painful, Samaras said they are also inevitable. Without them the country would return to zero credibility and effectively leave the euro, he said.

After the speech, the main leftwing opposition SYRIZA issued a statement describing the premier as a worthy representative of the bankruptcy lobby, responding to Samaras' own dismissal of the leftist party as the drachma lobby. The leftwing party, which came second in June general elections after campaigning on a strong anti-bailout platform, also described as blackmail the correlation of the country's continued presence in the eurozone with the implementation of the onerous terms of a loan deal with Greece's foreign creditors.

ekathimerini.com , Thursday August 30, 2012 (18:54)  
Woman dies after falling off regional ity building
Tunisian sought over employment scam
FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
Tunnel boring for Thessaloniki metro to resume after two years of inactivity
Credit Agricole said to seek buyer for $554 million Greek loans
Credit Agricole Leasing Greece, Credit Agricole SAs remaining business in the country, is seeking buyers for around 400 million euros ($554 million) of loans mostly backed by real estate, a...
Greece qualifies for new debt relief after 2013 budget surplus
Greece is set to obtain more debt relief from its international lenders after European officials confirmed on Wednesday that Athens had topped its fiscal targets and achieved a budget surplu...
Inside Business
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter and home advantage worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Inside Sports
COMMENTARY
Its too soon for Europe to declare victory
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both stocks and f...
COMMENTARY
Realitys other side
There is plenty of evidence pointing to the fact that the countrys real economy has hit rock bottom and is currently entering a phase of growth. Those who know the market well tend to suppo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Credit Agricole said to seek buyer for $554 million Greek loans
2. Greece qualifies for new debt relief after 2013 budget surplus
3. Greece, Germany sign deal for IFG
4. NBG to break free of sovereign shackles with senior bond
5. Greece meets budget target for more debt relief from creditors
6. Woman dies after falling off regional ity building
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Greek debt swells again as Samaras looks to creditors for relief
3. Tunisian sought over employment scam
4. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
5. Woman dies after falling off regional authority building
6. Greece meets budget target for more debt relief from creditors
Today
This Week
1. Greece's market return mirrors return of tourists
2. Greece startup leaders say they cant break jobless cycle alone
3. Ground-breaking Good Friday mass signals thaw in Cyprus
4. Mayoral candidates clash over Athens mosque plans
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.