Eurozone crisis: Angela Merkel ally says 'no room for Greece concessions'

[alp227]

Last edited Mon Aug 20, 2012, 11:11 AM - Edit history (1)

Source: The Guardian

As Greece's conservative prime minister, Antonis Samaras, prepared to meet eurozone leaders this week for the first time since taking office, a senior ally of German chancellor Angela Merkel has insisted there is no room for concessions to Greece on the conditions of its aid programme and no appetite for a third rescue package.

"The Greeks must stick to what they agreed to," Volker Kauder, the parliamentary leader of Merkel's conservative bloc, told the weekly Der Spiegel. "There is no more latitude, either on the timeframe or the matter itself, because that would again be a breach of agreements. It is just that which led to this crisis."

He said Greek bankruptcy would be expensive for Germany, "but agreements must be kept to".

With Greece in its fifth consecutive year of recession, and social and political discontent rising, Samaras is keen to soften the impact of budget cuts imposed by its lenders and is expected to propose a two-year extension to debt-reduction targets.

Read more: http://www.guardian.co.uk/world/2012/aug/19/no-greece-concessions-merkel-ally

[zeos3]

1. Samaras is rightwing NOT leftwing

Antonis Samaras is a right winger. He is the leader of New Democracy whioch is the conservative party in Greece.

This could be an honest mistake by the Guardian but I don't want to propagate the idea that it's always the "Leftwing" causing problems in Greece.

[alp227]

2. Just re read link. still not corrected.

[dipsydoodle]

3. Perhaps now

you will understand the background to why the Guardian is also known as the Grauniad. Their proof reading is hopeless - better now than in the past but still ways to go.

Another link here :

BERLIN (AP) — A senior ally of Chancellor Angela Merkel insisted that there is no room for concessions to Greece on fulfilling the conditions of its aid program and said in an interview published Sunday that he sees little chance of Germany's governing coalition supporting a third rescue package.

Greek Prime Minister Antonis Samaras is to visit Germany and France over the next week as Europe awaits a report next month from debt inspectors on Greece's progress in implementing reforms and austerity measures demanded in exchange for two massive bailout packages.

Signs of slippage on those measures have fueled impatience with Athens in Germany and other prosperous nations and speculation about a possible Greek exit from the 17-nation euro. There's little enthusiasm among creditor countries for granting Greece more time or other concessions.

"The Greeks must stick to what they agreed to," Volker Kauder, the parliamentary leader of Merkel's conservative bloc, was quoted as telling the weekly Der Spiegel. "There is no more latitude, either on the timeframe or the matter itself — because that would again be a breach of agreements. It is just that which led to this crisis."

http://www.google.com/hostednews/ap/article/ALeqM5igJbwUUEhUGWbgqi3YwtvHVl0jhg?docId=1e4ea705f697413a8893028a5a4b4d73

[lovuian]

4. They are not going to stick to the agreement...

and I see in the cyrstal ball Greece being kicked out....all the money was wasted ....to the ultimate end

[dipsydoodle]

6. I didn't think they would

and neither I suspect did anyone else. Whats it achieved is a longer period of time to prepare for the tsunami which may follow.

On the bright side Greece will be dirt cheap for holidays for some years to come and the increased level of tourism, which is down the pan at present, will help them recover.

[tama]

8. They are simply unable

to stick to any "agreement", as Greece is already for practical purposes a failed state and depression just keeps deepening and government is in control of little else besides military and police - if even that, as police is largely controlled by neonazis. But as long as euro is alive, they can't kick Greece - or anybody else - out, by any legal means at least.

All the money has not been exactly wasted, it has bought time for private sector banksters to get out of Greek debt, as was the purpose.

[alp227]

5. Now the article has been corrected.

[af4952]

7. Spam deleted by EvolveOrConvolve (MIR Team)