Tuesday, September 27, 2011

Greek finance minister: 'Whatever it takes' (to rob the citizens blind?)

Speaking in Washington at an international banking conference, Evangelos Venizelos said Sunday that his country will do "whatever it takes" to meet its financial obligations.

"Greece wants to make it and will make it," Venizelos told members of the Institute of International Finance. "We are ready to take the necessary initiatives, at any political cost."

But the cost is "very expensive," he added, saying that Greece should not be a "scapegoat" for the broader sovereign debt problems in Europe.

Greece has been struggling to dig itself out a deep hole for well over a year, with limited success. The government in Athens came to the brink of default last year, and again in July, before being rescued by other European nations and the International Monetary Fund.

While then nation's debt load is nearly twice the size of its economic output, Venizelos said Greece makes up a tiny fraction of the overall debt burden of the overall euro-zone. more

0 komentar:

Post a Comment

Give Your Comment Here