Samaras Say Greece Won't Need New Fiscal Programme

Samaras Say Greece Won't Need New Fiscal Programme

Greece will not need a new fiscal programme, Prime Minister Antonis Samaras told a joint press conference with visiting German Chancellor Angela Merkel, as quoted by the Athens News Agency-Macedonian Press Agency.
"Greece will not need a new fiscal programme, it has succeeded," Samaras said."With the sacrifices of the Greek people and the solidarity of our European partners, we are now facing a different fate. Today is a new day, Greece has succeeded," he added.
Samaras said that he discussed with Merkel the progress of the Greek economy, especially the country's re-emergence in global markets, and the fact the target was more than covered by the offers. "Efforts are continuing and the reforms will be completed," the prime minister said. "Greece is entering a recovery. Two things are important - that development be strengthened and that the primary surpluses be safeguarded so that injustices are repaired as quickly as possible. Two days ago we had the results of December-January, based on Eurostat, showing that unemployment is dropping for the first time."
For her part, Merkel said, "The policy of the government which asked for sacrifices from its people was a difficult choice for the government itself as well. Greece kept its commitments. It is important that we await the confirmation of the surplus and enter into talks withGreece over the next few months about how we can help it with the debt."
The existing programme will be completed in 2014 and the viability of the Greek debt must be examined this year. "But this discussion will be held in an entirely new situation. By autumn we will have a complete picture and hold talks. What is to be done exactly will be decided by the (EU) finance ministers," she added.


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