Arab Today, arab today barroso wants action not words from greece
Last Updated : GMT 04:48:09
Arab Today, arab today
Arab Today, arab today

Barroso wants action, not words from Greece

Arab Today, arab today

Arab Today, arab today Barroso wants action, not words from Greece

Athens - AFP

Greece must deliver on its obligations if it wishes to remain in the eurozone, European Commission President Jose Manuel Barroso, on his first visit to Athens since the crisis began, said on Thursday. \"To maintain the trust of its European and international partners, the delays must end. Words are not enough, actions are more important,\" Barroso said after talks with Greek premier Antonis Samaras and Finance Minister Yannis Stournaras. Stournaras, elected in June, is now in charge of pushing through a new wave of reforms demanded by EU-IMF lenders while also committed to offering a sigh of relief to a Greek population fed up with more than two years of crisis. The heavily indebted country is under immense pressure to carry out a structural reform programme, part of the EU-IMF multi-billion loan agreements that have been keeping its economy alive since 2010. \"All heads of states and governments of the euro area have stated in the clearest possible terms that Greece will stay in the euro as long as commitments made are honoured,\" Barroso told his hosts. But during the difficult process, the \"Greek people don\'t stand alone\", Barroso said. Samaras, who leads a three-party coalition government that campaigned on keeping Greece in the eurozone, said he was \"determined to go ahead with structural changes and privatisations and implement the measures agreed on in order to reduce the deficit\". But the key measure demanded by EU-IMF lenders, whose auditors are again in Athens inspecting government books, now includes 11.6 billion euros ($14.3 billion) in new spending cuts, which is certain to face stiff resistance by Greeks. Earlier in the day Samaras met the socialist and moderate leftist partners of his government whose support is essential to pass the spending cuts. After the meeting, the party leaders acknowledged the country\'s desperate financial situation, but also stressed the sacrifices already made. \"Our ultimate fiscal target can be achieved without fuelling recession and unemployment,\" socialist PASOK party head Evangelos Venizelos said. \"Our international partners need to understand this,\" he added and warned against making a \"sacrificial victim\" out of Greece. The finance ministry said on Thursday that the spending cuts, expected to come largely from pensions, health care and benefits, would help Greece negotiate an extension in the implementation of its programme, as it struggles with recession. There have been great delays in the implementation of the programme, as Greece held back-to-back elections in May and June and experienced a two-month political deadlock. The auditor team from the European Union, International Monetary Fund and European Central Bank met with the finance minister earlier on Thursday. The audit report, which will determine whether Greece will receive 31.5 billion euros from its EU-IMF loan programme, is expected to be made public at the end of August or early September. Greece needs money to pay state salaries and pensions, to recapitalise banks hit by a sovereign debt rollover earlier this year but also to repay 3.2 billion euros in debt to the European Central Bank on August 20. Earlier this week, Greece\'s former IMF representative argued that the austerity programme looked unlikely from the start. \"We knew at the fund from the very beginning that this programme was impossible to be implemented because we didn\'t have any - any - successful example,\" Panagiotis Roumeliotis, now vice chairman at Piraeus Bank, told the New York Times. The IMF though said on Thursday that it expected discussions with Greek authorities over the country\'s bailout-supported programme to continue into September, longer than expected.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today barroso wants action not words from greece Arab Today, arab today barroso wants action not words from greece

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today barroso wants action not words from greece Arab Today, arab today barroso wants action not words from greece

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday