Greeks seek renegotiation of bailout

In the survey conducted by MRB and published in the Sunday edition of the Athens-based Real News newspaper, 74 percent of respondent said the Greek government should insist on discussing the terms, even if such talks lead to the prospect of Greece leaving the currency bloc.

This is while only 15.5 percent of the respondents said the government should accept the current terms of Greece’s bailout without any talks, according to the poll, which surveyed 1,011 Greek adults between July 10 and July 12.

Of those surveyed, 61 percent saw little chance for the government to be successful in renegotiating the loan agreement and make it more favorable for Greeks, while 34 percent said Greece’s international lenders will agree to talks to change some terms of the deal.

Samaras, the leader of the New Democracy party became Greece’s new prime minster after forming a coalition government with the socialist Pasok party and Democratic Left after narrowly winning an election on June 17.

On July 7, the prime minister said that Greece is seeking changes to the austerity policies imposed EU-International Monetary Fund (IMF) for the 130-billion-euro bailout of its economy.

However, he promised to stick to the goals set in the deal and meets the fiscal targets.

Greece is under pressure from international creditors to press ahead with unpopular austerity measures. But measures intended to reduce debt, such as reducing the minimum wage, will risk damaging the country’s economic growth.

Greece has been in recession for the past five years, with the economy having shrunk by 15 percent over the past three years, the longest-running slump in modern times.

PG/JR

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes