Samaras said: in an interview with German media, Greece must regain economic growth to narrow the fiscal gap. Greece's new government will continue to promote the restructuring and privatization process, the European partner countries should show more solidarity, Greece just want a little breathing space. "We do not require additional funding, but we will stick to the obligation to complete all the requirements." Samaras said.
In fact, as early as in the election of the Prime Minister of Greece, Samaras told voters that will fight for Greece more time for achieving crunch target. It is reported that Samaras formal proposals on the EU's autumn summit held in early October this year, an up to 11.6 billion euros (U.S. $ 14.5 billion) austerity plan to extend the deadline from 2014 to 2016.
German government over whether to give Greece more time limit has not been a formal position on the critical assessment of the results depends on the representatives of international relief agencies on Greece to implement austerity and structural reform. However, Dutch Finance Minister DS Yahe yesterday said, do not agree to give Greece more time to reduce the deficit and economic reforms.
According to senior Greek finance ministry official said the country is seeking to cut branch has announced the program on the basis of, and increase efforts to cut government spending to fill the budget gap austerity measures could lead to. Greek government intends to cut public spending within the next two years to 13.5 billion euros, the size of the cut public spending higher than the previously set target of 2 billion euros.
Samaras stressed allow Greece to go bankrupt, the other member states of the euro area's sense of insecurity and vulnerability will increase, but also will bring serious financial market impact.
However, many European leaders, particularly German leaders have begun to openly discuss the possibility of Greece out of the euro. German Economics Minister R?sler has said publicly that Greece exit has lost its terrible.
However, some of the more radical of the hedge fund began buying Greek government bonds. The London the Adelante asset management company has been in the election on the eve of Greece to buy Greek government bonds was only 12.5% ??of its nominal value of Greek government bonds, Greek bond prices have now risen to 17% of its nominal value.
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