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European Fund

Posted by Pat | Posted in News | Posted on 15-11-2016

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The euro is our common future and if Europe does not is doing well, to Germany either, not later in the medium term, are other two affirmations repeated before the Confederation of German industry (BDI). Aid to Greece, a Greek Prime Minister Yorgos Papandreu investment said Tuesday in Berlin that aid for the countries of the zone euro to revive the economy and his country’s finances are an investment for the future that will benefit throughout the European Union. He is not an investment in the mistakes of the past, but the successes of the future, Papandreou told German business dome gathered on the day of German industry, who ensured that Greece will meet all the commitments made.We can achieve it. We can turn the crisis on one occasion, said Papandreou in an excited speech before the Confederation of German industry (BDI), which said that the Hellenes have the potential to achieve this. The Prime Minister of Greece said that the recovery of his country is subject to three factors and then cited the necessary support of financial institutions, the ratification by the parliaments of the 27 of the agreements of the extraordinary Summit in late July and the fulfilment of the agreements reached before the troika, consisting of the EUthe ECB and the IMF. Papandreou then stressed that his cabinet cannot guarantee that the two first points are met, since they are beyond their powers, but said that if will be with the third party, since Greece will meet the austerity targets. In favour of extending the Rescue Fund is why by what appealed new partners of the EU to have their parliaments approved the enlargement of the European Fund of financial stabilization (EFSF), which on Wednesday will be submitted to voting in the Finnish lower House and Thursday in the German Bundestag.

The Greek Prime Minister stressed that his people are assuming enormous sacrifices and, in allusion to Homer and helena mythology, pointed out that I wonder if we will achieve Ithaca as Ulysses or if efforts are nothing more than a work of Sisyphus. Greek criticism also made self-criticism on behalf of all politicians from Greece to say that we are not a poor country. We have been a badly governed country. After recognizing that Greece will need years to overcome the current crisis, he said that his country can recover to the levels of financial soundness of the EU’s most solvent partners. The j of the Government of Greece said that every euro we spend can be controlled via the Internet, admitted that the restructuring of the public sector is one of the most challenging his Government’s tasks, but said they strive to reduce red tape to facilitate growth. Papandreou also made rrencia to the painful way to the Greek people must go and the efforts of his Cabinet, with a drastic reduction in the deficit of the country in 2010, which, in the comparative case of Germany has done so far, would have meant a saving equivalent to 125,000 million euros. The Greek Prime Minister took advantage of his speech to German business Dome to reclaim investments in his country and cited as a sector with possibilities of alternative energies, in which Germany is a great example. Papandreou demanded respect for the efforts of its Government and its people, expressed appreciation for the solidarity of the European partners and warned that we must demonstrate to markets that we are capable of resolving the crisis. Source of the news: Greece requests to expand the bailout Fund while Merkel rejects new programmes in the EU

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