ATHENS (Reuters) – Greece’s new government will focus on reviving its recession-hit economy without missing targets under a foreign bailout, a deputy finance minister said on Tuesday, in a bid to assuage concerns it would renege on commitments to its lenders.
Athens wants to take advantage of a shift in Europe towards more growth-oriented measures by tweaking the mix of measures in the 130-billion-euro rescue, but would not try to change overall fiscal targets in the plan, Christos Staikouras said.
ATHENS, July 2 (Reuters) – The European Central Bank told
Greece on Monday not to waste time trying to renegotiate its
international bailout as government ministers hashed out a plan
for easing its punishing terms before a review by the country’s
Echoing Greece’s euro zone partners, ECB policymaker Joerg
Asmussen signalled that Prime Minister Antonis Samaras was
unlikely to win much leeway in imposing austerity measures
demanded by the European Union and IMF under its bailout
ATHENS (Reuters) – Greece should not lose time trying to renegotiate its international bailout but focus instead on getting its reform program on track, European Central Bank policymaker Joerg Asmussen said, adding that it was risky to delay adjustments.
Greece’s incoming coalition government under conservative Prime Minister Antonis Samaras has said it wants to soften the terms of the bailout, mainly by extending it by two years, to enable the country to recover from a five-year-long recession.
ATHENS, June 26 (Reuters) – Respected economist Yannis
Stournaras, who was part of a team that negotiated Greece’s
entry to the euro, has been appointed as new finance minister,
the government announced on Tuesday.
Greece’s new conservative-led government scrambled to make a
quick decision on the post after their first choice, banker
Vassilis Rapanos, quit on Monday on the advice of doctors after
spending four days in hospital suffering dizziness and abdominal
ATHENS (Reuters) – Greek coalition leaders aim to agree on a new finance minister on Tuesday after their first choice deepened the chaos surrounding the country’s debt crisis by resigning over ill health a few days after being named.
Vassilis Rapanos quit on Monday less than a week after the conservative-led government took office with the huge task of trying to persuade foreign lenders to soften the terms of an international bailout that has enraged Greeks.
ATHENS, June 26 (Reuters) – Greek coalition leaders aim to
agree on a new finance minister on Tuesday after their first
choice deepened the chaos surrounding the country’s debt crisis
by resigning over ill health a few days after being named.
Vassilis Rapanos quit on Monday less than a week after the
conservative-led government took office with the huge task of
trying to persuade foreign lenders to soften the terms of an
international bailout that has enraged Greeks.
ATHENS (Reuters) – Greece’s new prime minister and incoming finance minister, who have been ill, will miss this week’s EU summit when Athens will propose easing the terms of its bailout and international lenders have had to postpone a first meeting with the team.
Prime Minister Antonis Samaras underwent eye surgery on Saturday and Vassilis Rapanos is in hospital after suffering from nausea, intense abdominal pains and dizziness on Friday before he could be sworn in as finance minister.
ATHENS, June 21 (Reuters) – As a young student, banker
Vassilis Rapanos was jailed in one of Greece’s most infamous
prisons for fighting a military dictatorship.
Four decades later he is facing what may be an even bigger
battle as Greece’s new finance minister, charged with
negotiating with foreign powers exasperated by the near-bankrupt
country’s repeated failure to keep reform pledges.
ATHENS (Reuters) – The leader of Greece’s ultra-right Golden Dawn party savored unexpected success in Sunday’s election by taunting journalists and defiantly appearing on camera alongside a party official who went on the run for assaulting a leftist rival.
Hundreds of cheering supporters thronged the party’s headquarters in Athens and officials threw ballot papers as confetti from windows after the group defied predictions to once again emerge as among the winners of the night.
DISTOMO, Greece, June 14 (Reuters) – Like most others in
this tiny village that lost 218 lives in a Nazi massacre in
1944, Mina Kotsiou looked on horrified as the extreme-right
Golden Dawn party emerged as a surprise winner in Greece’s
inconclusive election last month.
Days before a second vote, she is confident that the rest of
Greece has caught on to what the central Greek village has known
for 68 years – that any group fond of Nazi salutes, Aryan
supremacist ideology and Adolf Hitler must only be feared.