 |
|
|
Something new in your business? Click here to submit your business press release Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery |
||
|
||
|
Speaking after a meeting with German Chancellor
Angela Merkel in Berlin, Prime Minister Antonis Samaras said
Greece is on track to meet the austerity targets imposed by the
European Union's executive branch, the European Central Bank and
the International Monetary Fund in return for bailout funds. "I believe we are going to soon have a recovery and that will
fully eliminate our budget deficit that will also allow us to
cover interest payments (on international loans)," Samaras told
reporters. "There will not be a need for a new memorandum or new money," he
added. Greece has been dependent on international rescue loans
since May 2010, after rising interest rates left it unable to
borrow from bond markets. Germany, which has resisted any change to the strict austerity
program imposed on Greece, said it was beginning to show bear
fruit. "I am more than aware of the sacrifices that this demands of the
Greek people but I'm confident that in the future people will be
better off once these structural adjustments have been made,"
said Merkel. In Greece, the main left-wing opposition party played down the
backing Samaras received from Merkel, pointing to the southeast
European country's still rampant unemployment. "This is support for the same backward, anti-growth and socially damaging policy," Panos Skourletis, a spokesman for the Syriza party, told private Skai television. "(Samaras) has won support to keep hammering society and to take Greece to the cleaners. So why wouldn't she back him?" Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
