EU Commission President Jose Manuel Barroso has told Greece's new government to "deliver, deliver, deliver" on promises for cost-cutting reforms.
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How the world sees Greece
Thursday, July 26, 2012
EU tells Greece to deliver on promised reforms
Greece finds a timely 11.5 billion euros in savings
Greece has reportedly found a further 11.5 billion euros in spending cuts. Still to be approved by the country's ruling coalition, the announcement comes ahead of the European Commission president's visit to the country.
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| READ THE ORIGINAL POST AT www.dw.de |
Greek Party Leaders to Continue Talks on Budget Cuts
 Kathimerini | Greek Party Leaders to Continue Talks on Budget Cuts Wall Street Journal ATHENS--Greek coalition leaders will continue talks on reform proposals and budget cuts over the next few days, the socialist party leader said Thursday. "The discussions will continue until Monday," said Evangelos Venizelos of the Pasok party. He said ... Greek leaders have yet to approve savings plan-Kouvelis |
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Greece warns against letting it fall out of euro
Greece's coalition government has warned that letting the country fall out of the euro currency union would spell "suicide for the eurozone."
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| READ THE ORIGINAL POST AT news.yahoo.com |
Israeli president to visit country in August
President of Israel Shimon Peres will carry out an official visit to the country on August 6-8, which is expected to give a new boost to bilateral cooperation in a period when Greek-Israeli relations are steadily improving.
This is the second visit by an Israeli president since 2006.
Hellenic Republic President Karolos Papoulias visited Israel in July 2011.
President Peres will be received by Papoulias and Prime Minister Antonis Samaras.
This is the second visit by an Israeli president since 2006.
Hellenic Republic President Karolos Papoulias visited Israel in July 2011.
President Peres will be received by Papoulias and Prime Minister Antonis Samaras.
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| READ THE ORIGINAL POST AT www.athensnews.gr |
Greek Jews protest new neo-Nazi 'rocker' lawmaker
Greek Jews protest new neo-Nazi 'rocker' lawmaker Jewish Telegraphic Agency ATHENS, Greece (JTA) -- The Greek Jewish community in a letter to political leaders and the country's president expressed its “revulsion” to the swearing-in of an anti-Semitic musician as a national lawmaker. Artemios Mathaiopoulos of the neo-Nazi ... |
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| READ THE ORIGINAL POST AT www.jta.org |
Greek bail-out: Is “Grexit” at hand?
ON HIS visit to Athens this week, José Manuel Barroso, the head of the European Union (EU) Commission, brought a stern warning for Antonis Samaras, the new prime minister of a precarious right-left coalition government. Greece has only a couple of weeks left to convince its creditors that it can put economic reforms back on track. Should its latest plans for making €14.5 billion ($17.6 billion) of spending cuts over the coming two years be judged unrealistic, the next €31.2 billion loan tranche will again be held back.If that happens, Greece would be unable to finish recapitalising its big banks. Without credit, the economy will seize up. Pensions and public-sector salaries would not be paid. A “Grexit” from the euro could occur within weeks. The worry for Greeks is that with Spain and Italy coming under attack in financial markets, some euro-zone members may be tempted to sacrifice Greece.Two previous Athens governments have failed dismally since mid-2010 to implement reforms agreed on with the Commission and the IMF, thanks to widespread official corruption and a lack of political will. Mr Samaras opposed the first Greek bail-out while in opposition; he still wants, at some point, to renegotiate parts of the second.Yannis Stournaras, the technocratic finance minister, has the difficult job of persuading Greece’s creditors that his government can do better than its...
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