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France Reassures Greece on Euro Zone Membership
Keywords:
France's president Hollande says about Greece during a visit by Greek prime minister, Antonis Samaras, that the Greek government must move forward with economic reforms, "while making sure that it is tolerable for the population." He also said he was "saluting the Greek people for their painful efforts of the last two and a half years." Samaras says in an intervew: "Greece is like a swimmer who is underwater for a long distance and needs to come up from time to time for some air, we need to be able to take a breath."
Antonis Samaras of Greece's New Democracy Party and the European Union programs for Greece
07/05/2011
Samaras says the tax increases will hurt the Greece economy and the shrinking Greek economy under the current program will lead to the failure of the E.U.'s program for Greece.
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Stournaras, say experts, is a good choice because of the vast expertise and fresh ideas he bring to revive Greece's economy.
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Frenemies: Two Greek Rivals Hold Nation's Fate in Balance
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Francois Hollande, Socialist party candidate for president in France, on the EU's handling of the debt crisis in Greece
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Francois Hollande says the EU mishandled the Greece crisis. Greece should have been handled as an extraordinary situation with earlier debt restructuring from public and private creditors to bring Greece's debt down to 60% of GDP. The current coordinated plan of the EU, ECB and the IMF only brings debt down to 120% of GDP in 2020. Hollande said he understands the need to reduce the budget deficit with cuts but without growth it can't work.
Grouped Articles
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Why the March 2012 Greece bailout protects the EU, but is bad for Greece and for democracy
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Nothing to be proud of, says the Journal in its editorial on Feb. 29, 2012. For Greece the terms leave no hope for a return to growth, and that the two political parties in Greece were required to pledge their support for austerity measures against overwhelming public opposition in Athens says little for democracy. It would have been better for Greece to go into a planned default 2 years ago with steeper haircuts for European banks and reducing Greece's debt to a manageable level lower than the over 120% of GDP in 2020 of the March 2012 bailout plan, says the Journal.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
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Policy âTroikaâ for Europe Financial Woes at Odds
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Greece's austerity measures, politics and the 2012 elections
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The prospects of combined vote of 30-35% for the two major political parties of Samaras and Venizelos with the rest of the vote splintered among extreme right and left wing parties, in the the 2012 Greece elections.
Grouped Articles
Frenemies: Two Greek Rivals Hold Nation's Fate in Balance
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New York Times 06/23/2013
Fractious Greek Government Splits
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Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.
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Greece's Fringe Parties Surge Amid Bailout Ire
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In Greece, austerity kindles deep discontent - The Washington Post
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The steps towards renegotiating the March 2012 bailout deal for Greece by the coalition governmment of Antonis Samaras
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Participation by the ECB, the IMF and the EC in negotiations with the new Greek government of Antonis Samaras to come up with a revised loan agreement for Greece. New Democracy's Samaras, the new prime minister of Greece in June 2012, has insisted that the terms should include ways in which Greece can return to growth, and the Democratic Left party, the third coalition partner, has insisted that the timetable for the deficit targets needs to be extended and the harshest austerity measures such as cutting the minimum wage be cancelled.
Grouped Articles
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Policy âTroikaâ for Europe Financial Woes at Odds
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Greek Draft Budget Sees Primary Surplus, Return to Growth
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Talks and meetings of Francois Hollande of France and Angela Merkel of Germany in 2012 and 2015
05/05/2012
Grouped Articles
Year Into Hollande Presidency, âa Sense of Driftâ
New York Times 05/04/2013
In Race to French Presidency, Hollande Sets His Own Pace
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Merkel, Hollande Say Greece Needs Proposals for Brussels Meeting on Crisis
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Greek Crisis Shows How Germany’s Power Polarizes Europe
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France and Germany Face Delicate Talks on Economy
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Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
Washington Post 06/22/2012
Greece, Europe and the Austerity measures- "a swimmer underwater who needs to be able to take a breath" (1)
05/03/2012
Austerity measures alone cannot address the financial problems in the eurozone countries of Greece, Ireland, Portugal, Spain and Italy. The need to create opportunities for economic growth.
Linked Articles
Election Heralds Power Shift in Alliance With Germany
Wall Street Journal 05/03/2012
France Reassures Greece on Euro Zone Membership
New York Times 08/25/2012
Greece's Path Back (3)- Samaras and the "best port in the storm"
08/25/2012
Linked Articles
France Reassures Greece on Euro Zone Membership
New York Times 08/25/2012
Greek Leader Wins Favor Abroad
Wall Street Journal 10/04/2012
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