President to give up salary

President Karolos Papoulias told Finance Minister Evangelos Venizelos on Wednesday that he wants to give up his salary which stands at around 300,000 euros per year.

Papoulias informed Venizelos of his decision during talks the two men had regarding Greece’s efforts to convince foreign creditors of the country’s readiness to implement the terms of a debt deal voted through Parliament early on Monday.

The president reportedly asked Venizelos to take all the necessary action to ensure that his monthly payments are stopped.

Leaving the president’s residence, Venizelos described the decision as «a symbolic gesture which honors him, particularly in the context of the sacrifices that the Greek people are being asked to make.”