Browse through our Interesting Nodes of Newsletters & Journals on Hellenic Issues Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Tuesday, 19 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens News Agency: News in English, 12-02-11

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

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

CONTENTS

  • [01] PM: Those that don't support bailout deal can't be in gov't

  • [01] PM: Those that don't support bailout deal can't be in gov't

    AMNA-- "It is self-evident that anyone who disagrees with and does not vote for the new programme cannot stay in the government," Prime Minister Lucas Papademos stressed at the start of his speech to the cabinet on Friday evening.

    "The economic programme and the agreement that accompanies this are absolutely essential in order to complete the effort that began two years ago," Papademos added, noting that the government's stamina was being tested and that this was a time of responsibility for all. amna

    "Bankruptcy is not a choice," he underlined.

    The premier noted that the parties which support his coalition government "are now two" adding that the ministers who cannot or do not want to vote for the new programme cannot remain in the government, whose "endurances are now being tested".amna

    The new economic programme, Papademos underlined, is the product of "an intensive and very hard negotiation with the troika and depicts the country's extreme conditions of need."amna

    The prime minister enumerated three axes regarding the targets and the means of the new programme:

    First, in order to restore the country's competitiveness, promote growth and increase employment, the programme foresees structural reforms in the labour, goods and services market.

    Secondly, in order to restore fiscal stability and the public's and markets' confidence, the programme stipulates a further decrease of the public deficit through restricting public expenditures by 1.5% of GDP in 2012, the implementantation of a series of strucrtural measures as well as a new, more just, tax system.amna

    Third, in order to secure fiscal stability, the programme foresees the implementation of a comprehensive strategy regarding the banking sector which will reinforce the banks' capital position and strength, as well as the economy's liquidity in a manner that promotes public interest while respecting the banks' entrepreneurial autonomy.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Saturday, 11 February 2012 - 11:36:30 UTC