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Samaras set to meet Merkel, Hollande over Greek crisis

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Published 16 August 2012, updated 27 August 2012

Greek Prime Minister Antonis Samaras is due next week to hold his first meetings with eurozone leaders since taking office, striving to assure them he will honour a pledge for more austerity and gauging whether they could grant him more time to pull it off.

Having recovered from eye surgery that has prevented him travelling since June, Samaras will fly to Berlin and Paris to meet German Chancellor Angela Merkel and French President François Hollande. Earlier in the week, he will meet eurozone chief Jean-Claude Juncker, Greek and German government officials said yesterday (15 August).

Samaras will meet Merkel on 24 August, German government spokesman Steffen Seibert told reporters. The dates of the other two meetings were to be announced later.

Samaras will insist he can ram through an austerity package worth about €11.5 billion - a key condition to continue receiving EU/IMF bailout funds and avoid default and a possible exit from the currency club.

Greece is falling short of the budget cut and privatisation promises it made in March to obtain a second, €130-billion bailout from the European Union and the International Monetary Fund. This has led to calls by politicians in its biggest lender, Germany, for the country be ousted from the eurozone.

"Our key priority is to regain our credibility by showing our determination," a Greek government official said.

Greece has yet to nail down the requested austerity package.

The bulk of the cuts will come from state salaries and pensions, and up to 40,000 public sector firings, further angering an austerity-weary public that often takes to the streets. The coalition's two leftist junior partners have also opposed any further cuts.

Samaras, who took office on 17 June, is already preparing public opinion for yet more suffering. "We're all having a difficult time. There will be more hardship," he said on Monday from his southern Greek home region of Messinia.

EU officials told Reuters last month that Athens was way off its bailout targets, was unlikely to be able to pay what it owes and further debt restructuring is likely to be necessary if it was not to be abandoned.

Next steps: 
  • 24 Aug: Antonis Samaras scheduled to meet German and French leaders
EurActiv.com with Reuters

COMMENTS

  • Greeces economy has fallen considerably.Samaras denied lucrative income on tourism by rejecting Macedonian cars with MK.Does he realy wants to improve his economy or just his political stand amongs the ultranationalists of Greece?
    Greek politicians cannot be trusted,they work to improve their own fortunes.
    I only hope,they are seriouse enough to impvove their economy,it will be good for Greece and its trading partners.

    By :
    Peter
    - Posted on :
    17/08/2012
  • We would be interested in pumping up to €5 Billion of new development in to Greece provided they asked Dr Dora Bakoyannis to take the helm.
    She is the most trusted politician from Greece who would garner respect in the rest of the EU. Here credences as ex Mayor of Athens and Foreign Minister as well as being German speaking would be just what Dr Angelica Merkel would expect and respect.

    By :
    Karel
    - Posted on :
    21/08/2012
Greek Prime Minister Antonis Samaras
Background: 

The European Commission on 2 August 2012 welcomed Greek moves to bring about structural reforms in the country's economy.

The 10 priorities for structural reform announced by the Greek Minister of Development are a clear sign of the commitment of the Greek government to bring about the much-needed reform of the Greek economy, the EU executive said in a statement.

The Greek government pledged to make the country friendlier towards businesses through measures such as cutting bureaucracy and expediting procedures. This pledge came after Greece agreed to an additional €11.5 billion of budget cuts for the next two years, brokered by Prime Minister Antonis Samaras.

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