Greece is not seeking for assistance about the deficit

GreeceEurope must understand that what is happening in Greece at the time could be in any other country tomorrow, “said Greek Prime Minister George Papandreou in an interview with Italian newspaper Il Sole 24 Ore, quoted by the agency Reuters. George Papandreou gave an interview in Davos, where he held the World Economic Forum. Financial markets are worried by the fact that Athens will not repay their large debt, putting pressure on the euro. Appeared and speculation that Greece may leave the eurozone. Greece is not seeking assistance and is not requesting such Papandreou stated in the interview. “My government has clearly said that we alone will solve the problems,” he said. Papandreou said that Greece has already begun implementing a series of reforms to limit the budget deficit criteria set by the Maastricht limit of 3 percent of GDP within the next three years. “I am confident that there will be no problem to accept this plan in parliament,” the Greek prime minister replied, when asked about the plan for stability in the country associated with reducing the budget deficit, would encounter difficulties in its acceptance in the Greek Parliament. “Evasion of taxes is our biggest problem,” Papandreou added. He told the Italian edition, the government has focused on reducing unnecessary costs and reduce public sector wages.
Let us recall that yesterday the European Commission President Jose Manuel Barroso urged Greece to comply with its obligations in the budget deficit, pointing out that this is an impact on the cohesion of Europe. “Currently the best way to help Greece to be done so that the country can meet its obligations under the Pact for Stability and Growth in the EU, which sets limits on budget deficits of member states, said Barroso press conference. “Now we need to support Greece in this effort,” he added in response to a question on possible measures for financial assistance to Greece from the EU and its partners. European Commission President also said that Athens is important to show solidarity towards the other member states and “tangible expression of that solidarity is the observance of the Stability Pact, which limits budget deficits to 3 percent of GDP.
According to current EU Commissioner Joaquin Almunia Finance Greece will not fall into bankruptcy. “In the eurozone there is no bankruptcy, was categorized as Almunia at the World Economic Forum in Davos, agency quoted by Reuters. Asked is there any chance for Greece to leave the eurozone, he replied, “No way.” There is no special plan of the EU in terms of Greece, announced the financial commissioner. But the country will receive regular instructions on its fiscal imbalance. Like her are still 20 countries in the EU. “This is the normal analytical document which is issued every month,” Almunia added.
Meanwhile, chief secretary of the Organization for Economic Cooperation and Development (- Angel Guria said that Greece’s debt crisis is not a serious threat to stability in the euro area. “We naturally have to monitor the situation, but to say that this puts in jeopardy the eurozone, the ECB or the European Union, seems exaggerated,” said Guria. Guria also said that the central bank should maintain its interest rates near zero for most of 2010. to ensure that the signals of economic recovery will not be smothered.

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