Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o 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)  
Money ring sent 4.5 mln abroad
Halandri Roma shacks to be demolished
Probe launched after man, 70, dies waiting to pay tax
Some 17,500 more deaths than births in Greece last year
Political clouds over Greece deter bond investors
Investors’ love affair with low-rated but high-yielding eurozone bonds is starting to wane, as political risks dent faith that the European Central Bank alone will be able to ensure the bloc...
Greek court rules OPAP´s monopoly is legal
A Greek court ruled on Tuesday that OPAP’s betting monopoly in the country is legal, court officials said, rejecting a longstanding challenge by rival firms and securing the company’s market...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakos’s first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Next-day jitters
It is usual for Greek governments, whether one-party or coalitions (which are normally loath to actually work together), to claim that their only real challenge is dealing with the country’s...
EDITORIAL
No sweet debt deals
The lion’s share of Greece’s debt is held by European Union member states and the International Monetary Fund. A writedown of the European part of the debt would require the approval of the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Money ring sent 4.5 mln abroad
2. Halandri Roma shacks to be demolished
3. Political clouds over Greece deter bond investors
4. Probe launched after man, 70, dies waiting to pay tax
5. Greek court rules OPAP´s monopoly is legal
6. Greek statistics service delays retail sales data release
more news
Today
This Week
1. Next-day jitters
2. Roma camp off Mesogeion Avenue set for demolition amid reactions
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
6. Greek unemployment dips to 27 pct in June, but still highest in EU
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.