News / Europe

New Greek Government to Seek Bailout Relief

Evangelos Venizelos, the head of the Greek Socialist PASOK party, arrives for a meeting with leader of the New Democracy conservative party Antonis Samaras in Athens, June 20, 2012.Evangelos Venizelos, the head of the Greek Socialist PASOK party, arrives for a meeting with leader of the New Democracy conservative party Antonis Samaras in Athens, June 20, 2012.
x
Evangelos Venizelos, the head of the Greek Socialist PASOK party, arrives for a meeting with leader of the New Democracy conservative party Antonis Samaras in Athens, June 20, 2012.
Evangelos Venizelos, the head of the Greek Socialist PASOK party, arrives for a meeting with leader of the New Democracy conservative party Antonis Samaras in Athens, June 20, 2012.
VOA News
The new Greek government is moving quickly to win Europe's approval for easing the terms of its financial bailout.

Socialist leader Evangelos Venizelos, a partner in the fledgling coalition government, said the meeting of the continent's finance ministers on Thursday in Luxembourg "will be the first big battle" on revising the $168 billion bailout Greece secured earlier this year. Venizelos said Wednesday that Greece will seek terms allowing the debt-ridden country, now in a fifth year of recession, to "move to positive growth" and cut its high unemployment rate.

Greece's new coalition is expected to ask for a two-year delay in the 2014 deadline it faces to eliminate its budget deficit. Some European leaders say they would be willing to change some terms of the Greek bailout but will still insist that Athens adhere to the basic plan to cut spending.

Venizelos said it the Greek government must find relief from the austerity demanded by the country's creditors.

"We know very well what we must ask for, from whom and how, and we are preparing for this task because this is our national duty," said Venizelos.

The plight of many Greeks was evident in the summer heat in Athens as thousands lined up for handouts of fruits and vegetables provided by a farmers' organization. One pensioner, Peggy Moschona, was pessimistic about the future.

"Terrible, things are terrible," said the pensioner. "We are constantly paying taxes. They are cutting pensions. The situation is dramatic and as time goes by, things will just get worse. Although I am optimistic, I don't think I should be.''

Another person, Eleni Moschidou, said she had never accepted a handout before.

"Can't you see what I've sunk to? I have never done this before. I have never lived through this before. This is the first time and, if needed, I'll come back for whatever it is I need,'' said Moschidou.

Some information for this report was provided by AP, AFP and Reuters.

You May Like

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the US are seeing gas prices dip below $3 a gallon More

Afghan Women's Soccer Team Building for the Future

A four-team female league was recently set up in Kabul; It will help identify players for the national team More

Video Tensions Build on Korean Peninsula Amid Military Drills

Pyongyang threatens nuclear test as joint US, S. Korean exercises show forces’ capabilities More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
New Skateboard Defies Gravityi
X
November 21, 2014 5:07 AM
A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Gay Evangelicals Argue That Bible Does Not Condemn Homosexuality

More than 30 U.S. states now recognize same-sex marriages, and an increasing number of mainline American churches are blessing them. But evangelical church members- which account for around 30 percent of the U.S. adult population - believe the Bible unequivocally condemns homosexuality. VOA's Jerome Socolovsky reports that gay, lesbian, bisexual and transgender evangelicals are coming out. Backed by a prominent evangelical scholar, they argue that the traditional reading of the bible is wrong.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Mexico Protests Escalate Over Disappearances

Protests in Mexico over 43 students missing since September continue to escalate, reflecting growing anger among Mexicans about a political system they view as corrupt, and increasingly tainted by the drug trade. Mounting outrage over the disappearances is now focused on the government of President Enrique Pena Nieto, accused of not doing enough to end insecurity in the country. More from VOA's Victoria Macchi.
Video

Video US Senate Votes Down Controversial Oil Pipeline - For Now

The U.S. Senate has rejected construction of a controversial pipeline to transport Canadian oil to American refineries. The $5 billion project still could be approved next year, but it faces a possible veto by President Barack Obama. As VOA’s Michael Bowman reports, the pipeline has exposed deep divisions in Congress about America’s energy future.
Video

Video Can Minsk Cease-fire Agreement Hold?

Growing tensions between government troops and separatists in eastern Ukraine further threaten a cease-fire agreement reached two months ago in the Belarusian capital of Minsk. Critics of U.S. policy in Ukraine say it is time the Obama administration gives up on that much-violated cease-fire and moves toward a new deal with Russia. VOA's Scott Stearns has more.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.
Video

Video Ferguson Church Grapples with Race Relations

Many white residents of Ferguson, Missouri, say they chose to live there because of the American Midwest community's diversity. So, they were shocked when a white police officer killed an unarmed black teenager in August – and shaken by the resulting protests and violence. Some local churches are leading conversations on how to go forward. VOA’s Ayesha Tanzeem reports.

All About America

AppleAndroid