Sunday March 1, 2015 Search
Weather | Athens
11o C
6o 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)  
Greece´s lenders skeptical on new bills but focus on funding needs
Lenders to be consulted over collective bargaining
Alleged accomplices of N17´s Xeros caught in Athens
Hellas Gold and workers react to Greek gov´t decision on plan permit
Schaeuble softens tone, says Greece ´needs time´
German Finance Minister Wolfgang Schaeuble said Sunday Greece's new government needs «a bit of time» but is committed to implementing necessary reforms to resolve its debt crisis. "The new G...
Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are «in a different league» and will n...
Inside Business
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Schaeuble softens tone, says Greece ´needs time´
2. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
3. Greece´s lenders skeptical on new bills but focus on funding needs
4. Lenders to be consulted over collective bargaining
5. Alleged accomplices of N17´s Xeros caught in Athens
6. Hellas Gold and workers react to Greek gov´t decision on plan permit
more news
Today
This Week
1. Greece's lenders skeptical on new bills but focus on funding needs
2. Schaeuble softens tone, says Greece 'needs time'
3. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
4. Lenders to be consulted over collective bargaining
5. Greece seeks negotiations on ECB bond repayment
6. Spain, Portugal sought to trip up gov’t, Tsipras says
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. Greece says eurozone deal won time as cash bled from banks
4. The ignorance of the West about the culture of Islam
5. A fierce battle looms
6. Spain said to lead push to hold Greece to terms as Podemos grows
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.