News / Europe

Greek PM Says European Creditors Expect Austerity Compliance

VOA News
Greece's caretaker prime minister, Panagiotis Pikrammenos, said Friday the country's European neighbors want it to stay in the euro currency zone, but that Athens must also adhere to the austerity spending plan it agreed to in exchange for billions of dollars in new rescue funds.

Pikrammenos met with other European heads of state earlier this week in Brussels. On Friday, he told Greek President Karolos Papoulias that the country's creditors elsewhere in Europe think it is obvious that debt-ridden Greece needs to comply with wage and pension cuts and elimination of thousands of government jobs.

"Our European partners wish for us to remain in the eurozone," he said. "They believe it is obvious, however, that we must keep to our commitments that we have agreed to.''

Opposition to the austerity plan has been widespread in Greece, with angry workers frequently taking to the streets in protest. The country's fractious political parties failed to forge a new coalition government after a splintered parliamentary election earlier this month, and a new vote is set for mid-June.

Political surveys show that the radical left Syriza party, which has threatened to renege on Greece's austerity promises, has gained new strength ahead of the vote, at the expense of the socialist and conservative parties that support the spending cuts.

With Greece mired in the fifth year of a recession and its jobless rate among Europe's highest, Pikrammenos said the European leaders had intense talks about how to boost the country's economy. But he said that whatever happens, the other chiefs of state still expect Athens to comply with the terms of the bailout, Greece's second in two years.

"Despite what has been said in recent days, and despite what is being written in recent days in the newspapers, all our European partners want our country to remain in the eurozone, and for this reason we had intense discussions about the need for implementing specific growth measures that will help our country develop and fight unemployment," said Pikrammenos. "Finally, I would like to say that all our European partners believe that it is without question that Greece in its turn will keep to the commitments it has agreed upon.''

The financial and political turmoil in Greece has weighed heavily on the value of the euro in recent weeks. On Friday, it briefly dipped below $1.25, its lowest point since July 2010.

You May Like

Malaysian PM Ends Vacation Over Floods

Najib Razak had been criticized for golfing in Hawaii with US president while country suffered More

Photogallery Fear Amid Remembrances for Tsunami Victims

Across continent, services and tributes acknowledge 220,000 victims of 2004 Indian Ocean disaster; region remains inadequately prepared, experts say More

Liberia Lawmaker Denies Election Manipulation

Alex Tyler said he’s being used as a scapegoat by people who are refusing to accept defeat in the December 20 special senatorial election More

This forum has been closed.
Comment Sorting
Comments
     
by: Eri
May 28, 2012 3:52 AM
The economic crisis is disrupting in Europe . Specially , Greece has very serious economic crisis . I heard some people were killed by a riot in this country . This news tell me this economic crisis is considerable serious . I hope to earliest possible problem solving .

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Estimates Rising of Foreign Fighters in Iraq, Syriai
X
Jeff Seldin
December 24, 2014 11:38 PM
Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Estimates Rising of Foreign Fighters in Iraq, Syria

Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Russians Head Into Holiday Facing Economic Malaise

Russian preparations for the New Year holiday are clouded by economic recession and a tumbling currency, the ruble. Nonetheless, people in the Russian capital appear to be in a festive mood. VOA's Daniel Schearf reports from Moscow.
Video

Video Mombasa in Holiday Tourism Slump Due to Security Fears

Kenya's usually popular beachside tourist destination of Mombasa is seeing a much slower holiday season this year due to fears of insecurity as the country has suffered from a string of terror attacks linked to Somali militants. Mohammed Yusuf reports for VOA on how businessmen and tourists feel about the situation.
Video

Video For Somalis, 2014 Marked by Political Instability Within Government

While Somalia has long been torn apart by warfare and violence, this year one of the country's biggest challenges has come from within the government, as political infighting curtails the country's progress, threatens security gains and disappoints the international community. VOA's Gabe Joselow report.
Video

Video US Political Shift Could Affect Iran Nuclear Talks

Secretary of State John Kerry’s efforts to resolve Iran’s nuclear crisis are continuing into 2015 after Iran and six world powers failed to agree by a November deadline. U.S. domestic politics, however, could complicate efforts to reach a deal in the new year. VOA State Department correspondent Pam Dockins has the story.
Video

Video NYSE: The Icon of Capitalism

From its humble beginnings in 1792 to its status as an economic bellweather for the world, the New York Stock Exchange is an integral part of the story of America. VOA’s Bernard Shusman reports from Wall Street.
Video

Video Islamic State Emergence Transforms Syria and Iraq in 2014

The emergence of the Islamic State in Iraq and Syria as a potent force in early 2014 changed the dynamics of the region. Their brutal methods - including executions and forced slavery - horrified the international community, drawing Western forces into the conflict. It also splintered the war in Syria, where more than 200,000 Syrians have died in the conflict. VOA’s Henry Ridgwell looks back at a deadly year in the region -- and what 2015 may hold.
Video

Video Massive Study Provides Best Look at Greenland Ice Loss Yet

The Greenland ice sheet is melting faster than predicted, according to a new study released in the Proceedings of the National Academic of Sciences that combines NASA satellite data and aerial missions. As VOA’s Rosanne Skirble reports, the finding means coastal communities worldwide could be at greater risk, sooner, from the impact of rising seas.
Video

Video US Marines, Toys for Tots Bring Christmas Joy

Christmas is a time for giving in the United States, especially to young children who look forward to getting presents. But some families don't have money to buy gifts. For nearly 70 years, a U.S. Marines-sponsored program has donated toys and distributed them to underprivileged children during the holiday season. VOA's Deborah Block tells us about the annual Toys for Tots program.
Video

Video France Rocked by Attacks as Fear of ISIS-Inspired Terror Grows

Eleven people were injured, two seriously, when a man drove his car into crowds of pedestrians Sunday night in the French city of Dijon, shouting ‘God is Great’ in Arabic. It’s the latest in a series of apparent ‘lone-wolf’ terror attacks in the West. Henry Ridgwell looks at the growing threat of attacks, which security experts say are likely inspired by the so-called "Islamic State" terror group.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid