How the world sees Greece
 Telegraph.co.uk | Greek socialist leader warns of deeper recession Reuters Venizelos says recession worse than projected in 2012* Wants fiscal adjustment period stretched to 3 years* Opinion poll shows Greeks split on sticking with bailoutBy George GeorgiopoulosATHENS, Greek socialist leader wants more time for deficit cuts Greece's Evangelos Venizelos calls for three-year bailout extension Greece: Socialists looking for new political identity |
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 AFP | Greece Bailout Targets Difficult To Reach In Current Timeline, Prime Minister Says Huffington Post Greek PM Samaras says want to renegotiate bailout policies * Says that does not mean to change fiscal targets but more time needed * Pledges series of measures to boost growth By Dina Kyriakidou and George Georgiopoulos ATHENS, July 6 (Reuters) ... Greece to Quicken Selling Off State Firms Greece wants to renegotiate policies, not targets: PM Greece seeks more time to meet bailout terms |
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Greece wants to renegotiate policies, not targets - PM Reuters India ATHENS (Reuters) - Greece will meet targets set by international lenders, but needs more time and wants to renegotiate policies that make its fiscal situation worse by preventing a return to economic growth, |
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Greece wants to renegotiate policies, not targets-PM Reuters Greek PM Samaras says want to renegotiate bailout policies* Says that does not mean to change fiscal targets but moretime needed* Pledges series of measures to boost growthBy Dina Kyriakidou and. |
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 AFP | Greece wants to renegotiate policies, not targets: PM Reuters ATHENS (Reuters) - Greece will meet targets set by international lenders, but needs more time and wants to renegotiate policies that make its fiscal situation worse by preventing a return to economic growth, Greece Plans to Step Up Pace of Overhauls Greece's New Deficit Reduction Program Is ALREADY Off Target Greece seeks two more years to meet bailout terms |
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Bailout Envoy Urges Greece to Speed up Reforms ABC News A senior European Central Bank official urged Greece's new government on Monday to avoid further delays in implementing major structural reforms. ECB board member Joerg Asmussen is in Athens as the struggling country's new coalition government holds ... |
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Bailout Envoy Urges Greece To Speed Up Reforms NPR ATHENS, Greece (AP) — A senior official from the European Central Bank on Monday urged Greece's new government to avoid further delays in implementing major structural reforms. ECB board member Joerg Asmussen is in Athens as the struggling ... |
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 Hurriyet Daily News (press release) | Renegotiation Of The Greek Bailout? Don't Count On It Seeking Alpha Some of the main components of the blueprint of the Greek coalition government are proposals for the extension of Greece's "fiscal adjustment period" by at least ... Cyprus to Take Over European Presidency Cyprus seeks bailout, following Spain. Who's next? Cyprus seeks bailout from eurozone, Country cites its exposure to ... |
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 The Associated Press | New Greek govt hit by yet another resignation The Associated Press By DEREK GATOPOULOS, AP – 1 minute ago ATHENS, Greece (AP) — Can there be one day without bad news for the new Greek government? Perhaps, but not Tuesday. The coalition government suffered another setback as a second Cabinet member quit in two days ... Outspoken Greek professor gets eurozone's hardest job Greek government hit by fresh resignation "Mr Euro" named Greek finance minister |
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 Sydney Morning Herald | Greece's Auditors Postpone Athens Visit Wall Street Journal Greece's international auditors were forced to put off a visit to Athens as health problems sidelined both the nation's new prime minister and finance minister, just ... Greek PM to miss EU summit, "troika" postpones trip Greece outlines bailout revisions ahead of talks Greece outlines issues to be renegotiated |
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 China Daily | Greek Elections And The New Democratic Party: Playing Fear Tactics Seeking Alpha An upset for the Syriza party on Sunday in Greece cooled Wall Street expectations headed into the new week. The New Democratic Party of Greece barely ... Euro Finance Chiefs Weighing Greek Debt Relief Lessons for China from a Greek tragedy Greek government wants to revise bailout but stay in euro |
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Greek efforts to renegotiate a disputed EU-IMF bailout deal will hold the key to the future of an unusual coalition government unveiled this week following landmark elections, analysts said.
"If the government succeeds in revising the memorandum, it will have a chance of surviving," said Nikos Dimou, an author and political commentator in Athens.
"If it does not, or if it only makes cosmetic changes to the memorandum, then the opposition is very strong and they will start strikes and protests.
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Greece moved to end its protracted political impasse Wednesday, swearing in a new prime minister to lead a largely pro-bailout coalition tasked with saving the country's place in the eurozone and easing a European financial crisis with global repercussions.
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Three-party coalition cabinet expected as PM pledges to honour bailout commitments
After weeks of political uncertainty casting doubt over its future in the eurozone, Greece took its first tentative step towards regaining stability as Antonis Samaras, the conservative New Democracy leader and winner of Sunday's election, was appointed prime minister.
He was sworn in before the country's spiritual leader, Archbishop Ieronymos, after agreement was reached on the formation of a coalition government that will also include the Socialist Pasok and small Democratic Left parties.
"I will demand that the new government … works hard so that we can offer tangible hope to our people," Samaras said, as he emerged from the presidential palace where the ceremony took place. "With God's help we will do whatever is in our hands to get out of this crisis earlier."
In a rare move, the Harvard-educated Samaras took office before his cabinet was announced. Officials hoped the step would "send a message" to markets and foreign governments that crisis-hit Greece was finally reclaiming the equilibrium that has eluded it since inconclusive elections on 6 May.
"We wanted to send a message to markets and foreign governments that we have a leader and tomorrow we will have a government," one insider told the Guardian. "We didn't want to protract the sense of instability and insecurity. We wanted to show that … step by step, day by day, stability is returning to Greece."
Aides close to the conservative leader said they expected the new cabinet to be officially unveiled on Thursday.
With Athens teetering on the edge of bankruptcy, social breakdown and decay, there will be no honeymoon for the new government.
The 61-year-old Samaras has his work cut out with an in-tray few leaders would envy. His first priority will be to ensure that rescue funds agreed under a €130bn (£104bn) EU-IMF sponsored financial assistance package for Greece, keep flowing into an economy whose reserves are set to dry up by mid July.
Samaras, whose party emerged as the frontrunner in the weekend election but with not enough votes to form a government on its own, attempted to allay fears that Athens would fail to meet its obligations. "We will honour our commitments," he insisted in a short victory speech given on Sunday.
But relief at the politics of compromise on display in Athens has also been tainted with concern over what the new government will ask. Samaras, who has flip-flopped since Europe's debt crisis erupted in Athens in late 2009, has openly said he wants to "renegotiate" the loan agreement.
Although agreed in record time in a country of deep political divisions, the tri-party coalition is an uneasy alliance that not only faces a formidable opposition from far-left radicals bent on quashing austerity measures but is also fraught with tension.
Within minutes of the new government being announced, the far-left Syriza party promised it would be "at the forefront of the social battles in the next phase".
In a foretaste of the potential friction, both Pasok and the Democratic Left said their MPs would jointly support the conservative-led administration but not actively participate in it.
Their refusal quickly spawned speculation that both parties will seek to distance themselves from government policy when popular discontent over internationally mandated belt-tightening re-erupts.
Athens is under intense pressure from creditors to implement a further €12bn in spending cuts by July.
Prior to the new government being announced, the Pasok leader, Evangelos Venizelos, said its top priority would be the formation of "a national team" to wage the "big battle" of revising the loan accord. "Our first test will be the EU summit on June 28," he said.
The Democratic Left leader, Fotis Kouvelis, went further, insisting that the only way forward was to "disengage" from the commitments and "lift those measures that have literally bled Greek society".
"What we have is a hybrid government with two centres of power, one in and one outside," said an insider requesting anonymity because he did not want to be seen thwarting the new administration's chances of survival before it had assumed office. "Very soon it will have to take very unpopular measures for which a very strong stomach will be required by all involved. My fear is that as soon as the going gets tough the two [left-wing] parties will distance themselves and the coalition will collapse."
With time of the essence in placating international concern over Greece's place in the eurozone, Samaras met with his coalition partners and the outgoing finance minister, Giorgos Zanias, to discuss the economy before Thursday's euro group meeting in Brussels. Vassilis Rapanos, a highly regarded economist and chairman of the National Bank of Greece, also attended with officials, saying he would replace Zanias when the new government is formally announced on Thursday.
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 New York Times | After Weeks in Limbo, Greece Ushers In New Government New York Times ATHENS — Greece ushered in a new government on Wednesday that will put it back at Europe's bargaining table, ending a seven-week leadership vacuum that had destabilized this already fragile nation and cast a shadow over the future of the entire euro ... Antonis Samaras takes over as Greek prime minister Antonis Samaras offers 'hope' as new Greece prime minister Conservative Sworn in as 4th Greek PM in 8 Months |
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