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Athens News Agency: News in English, 11-01-06

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] FinMin: Greece will weather debt crisis
  • [02] ND support for eurobonds

  • [01] FinMin: Greece will weather debt crisis

    ANA-MPA -- Finance Minister George Papaconstantinou categorically rejected speculation over a debt restructuring with creditors, and said Greece would weather out the debt crisis, helped by privatization of state assets worth seven billion euros.

    In an interview with Reuters news agency released Tuesday, the Greek FinMin said the country has cut its debt and has met all obligations towards the IMF and the European Union in return for a 110-billion-euros bailout, and noted that the government was also promoting structural reforms. (ANA-MPA)

    He also denied reports that Greece was in talks with debt holders for extending the repayment period of the country‚s existing debt.

    "There are no such talks," Papaconstantinou said, dismissing reports that Greece was in talks with creditor banks. "This would not help Greece, the Greek economy, Greek banks, Greek citizens or the European problem," he noted.

    He stressed that Greece was making steady progress on cutting its fiscal deficit and was promoting unpopular reforms to ensure payment of the fourth tranche of a troika loan, worth 15 billion euros in March. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] ND support for eurobonds

    (ANA-MPA) -- Main opposition New Democracy party leader Antonis Samaras has addressed a letter to European Commission President Jose Manuel Barroso in which he expresses his conviction that the issuance of eurobonds is the only exit from the debt crisis, not only for European Union member-states facing problems, but for the eurozone in its entirety.

    In his letter, also conveyed to Euro group president Jean-Claude Juncker and EPP president Wilfried Martens, the ND leader stresses the need for the eurobond to be adopted as soon as possible by the EU as a means of supporting fiscal balance in the eurozone countries. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form


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