Browse through our Interesting Nodes on Cyprus A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Sunday, 25 August 2019
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  World Press
  News Archives
Web Sites
  Interesting Nodes
  Special Topics
  Treaties, Conventions
  U.S. Agencies
  Cyprus Problem
  Personal NewsPaper
  Greek Fonts

Athens Macedonian News Agency: News in English, 13-08-25

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Asmussen: Early for discussion on new haircut

  • [01] Asmussen: Early for discussion on new haircut

    European Central Bank board member Joerg Asmussen expressed his opinion that it is early for a discussion on a new haircut of the Greek debt in an interview with Sunday newspaper "To Vima" and estimated that the "continuous discussions on the debt's reduction do not help".

    He said that in his opinion Eurogroup's decision 27 November 2012 answers to the debt reduction issue and to the alleged third support package.

    Asmussen stressed that 2015-2016 fiscal gap issue is important "We must see how large it will be and to discuss on how it will be covered within the framework of the Mid-Term Programme. We need a credible Mid-Term programme in order Greece to return to the markets" he said adding that "I understand the difficult political situation and the slim parliamentary majority but all those succeeded with so much political pain should not be destroyed'.

    Referring to the reforms, he noted that a lot have been done but also a lot remain to be done" and admitted that the unemployment rate in Greece is unacceptable. The German banker pointed that the efforts should focus on restruction changes and on the strengthening of competitiveness in order work positions to be created, particularly for the young and estimated that "the primary surplus target is feasible as well as a low but positive growth rate in 2014.

    Asmussen sounded the bell of complacency for the eurozone after the recent positive developments for the exit from the crisis and said that International Monetary Fund's (IMF) presence is necessary for the troika.

    Finally, referring to the banking association he called it "the greatest institutional reform after the introduction of the euro.

    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Sunday, 25 August 2013 - 16:38:06 UTC