Arab Today, arab today new greek pm implementing eu accords \main task\
Last Updated : GMT 12:42:49
Arab Today, arab today
Arab Today, arab today

New Greek PM :Implementing EU accords \'main task\'

Arab Today, arab today

Arab Today, arab today New Greek PM :Implementing EU accords \'main task\'

Athens - AFP

Greece\'s new prime minister said Monday the main task of his interim government was to implement EU agreements on a debt rescue package, warning that the country\'s participation in the eurozone was at stake. \"The main task of this government as agreed by political leaders under the president is to carry out the decisions of the (October EU) summit, and to apply economic policies linked to these decisions,\" Lucas Papademos said. He was speaking in his first address to parliament since taking office on Friday as head of a national unity government, opening a debate that will culminate in a vote of confidence in his role on Wednesday. Addressing an audience that included former prime minister George Papandreou, the respected former vice-president of the European Central Bank said Greece had made progress on its dire finances but more still needed to be done. \"To continue the effort to clean up and restructure the economy, it is necessary firstly to continue Greece\'s monetary and economic support from its European peers and the IMF, and secondly, the application of a new programme of economic adjustment aiming to address the fiscal deficit in a faster and more efficient manner, and to fully restore and improve competitiveness,\" Papademos said. He said estimates put the deficit at \"around nine percent\" of gross domestic product (GDP) in 2011, down from 15.7 percent in 2009 and 10.6 percent in 2010, but warned that public debt was increasing. \"The new government of cooperation and me personally, we undertake the responsibility at this critical moment because the country\'s participation of the eurozone is at stake,\" he said. \"Our EU peers and the organisations suporting us have said that additional funding will only continue if the EU summit decisions are applied in full.\" At a summit last month, eurozone leaders agreed a second EU bailout package which gives Athens 100 billion euros in loans, the same amount in debt reduction and a further 30 billion in guarantees, but only in return for painful austerity measures. The 64-year-old, who played a crucial role in Greece\'s entry into the eurozone nearly a decade ago, emphasised its benefits after weeks of speculation that Greece\'s problems could force it out of the 17-nation currency club. \"Staying in the euro is the only choice,\" he said. Papademos pledged to carry through the previous socialist government\'s reforms, most of which had sparked controversy from the nation\'s powerful unions. These include a new salary system for civil servants who have already sustained successive pay cuts, and a labour reserve scheme to reduce the state payroll by tens of thousands of excess staff. Papademos also insisted that Greece had a duty to fellow European taxpayers footing its huge rescue bill to deliver a written pledge to deliver the necessary reforms, as demanded by Brussels. \"It is in mainly in our own national interest, but is also an obligation to other peoples in return for the solidarity shown to us,\" he said, answering earler comments by Greek conservative leader Antonis Samaras, one of the government\'s three backers, who vehemently opposes signing such a document.

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 new greek pm implementing eu accords \main task\ Arab Today, arab today new greek pm implementing eu accords \main task\

 



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