Arab Today, arab today g20 summit could reach to resolve debt crisis despite referendum jitters
Last Updated : GMT 10:15:39
Arab Today, arab today
Arab Today, arab today

G20 summit could reach to resolve debt crisis despite referendum jitters

Arab Today, arab today

Arab Today, arab today G20 summit could reach to resolve debt crisis despite referendum jitters

Athens - Xinhua

The upcoming G20 summit in Cannes could still reach a decision to resolve the Greek debt crisis threatening the eurozone and global economy, despite jitters over a Greek referendum on a key aspect of the plan, Greek MP Elena Panaritis says. As European leaders gathered in France on Wednesday for a meeting billed as an opportunity to outline a comprehensive strategy to tackle the crisis, Greek Prime Minister George Papandreou\'s surprise decision this week to hold a referendum on the fresh EU aid package to the debt-ridden country has fuelled anxiety over the outcome. Amid fears of a negative result and a Greek default that would rock the eurozone, Panaritis, a ruling socialist PASOK deputy and economist, expressed in an interview with Xinhua on Wednesday confidence that leaders in Cannes will reach a decision on pushing a way to implement the Oct. 26 EU summit agreement on the terms of releasing further aid to Greece. \"I think there is going to be a lot of criticism and explaining from our side, but I believe the Europeans are committed to having the decisions of Oct. 26 implemented,\" she said. Panaritis recognized that the referendum idea has created a high level of uncertainty since Monday evening, leading to some trillion euros losses in markets worldwide. But she defended Papandreou\'s call, noting that there is another side of the coin, that Greece has been \"a boiling pot of social disagreement and reaction that gave several times symptoms of very bad disorder.\" Pointing to the most recent one, the disruption of a major national parade on Oct. 28, the lawmaker suggested that this was probably the reason why the Greek prime minister chose to call the referendum. \"Because he thought it was a less complicated, difficult and disrupting way of handling this unrest rather than calling national elections,\" she said, adding that as an informal advisor to the government and to the prime minister she knows well that one of the biggest concerns has been political instability. But, Papandreou\'s unexpected announcement has generated political turmoil that rocks his government ahead of a crucial confidence vote on Friday evening. \"Every single minute passing is almost like a whole year of events. I hope for the better,\" said Panaritis expressing optimism the government will survive the parliamentary vote and the referendum will be held as soon as possible to save further uncertainty. According to the latest planning, it could happen in December. Panaritis acknowledged that it was a highly risky decision. \"If it works, it will be fantastic. We are changing the way the EU is going to do both its financial business, its ecomomis, as well as its way of coordinating its constituencies. If it does not work, then we are in trouble, then we will have to have national elections,\" she said. Stressing that it is very unfortunate that the crisis that has hit Greece hard since late 2009, has taken so long to finally come to some sort of resolution, she expressed optimism that it is not too late to address it and restore stability and growth following an austerity and structural reform drive. \"It is never too late. The world has been around for millions of years. Greece has been around for 4,000 years. If there is one country I would bet in favor of for successes, it would be Greece due to the Greek human capital which is the best,\" said a smiling Panaritis. 

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 g20 summit could reach to resolve debt crisis despite referendum jitters Arab Today, arab today g20 summit could reach to resolve debt crisis despite referendum jitters

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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