Greece bailout battle looms | Bangkok Post: breakingnews

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Greece bailout battle looms

Conservative leader Antonis Samaras was sworn in Wednesday as the prime minister of a new Greek coalition, as he took up the challenge of trying to revise the terms an unpopular EU-IMF bailout deal.

"With God's help we will do everything we can to take the country out of the crisis,'' the 61-year-old former foreign minister told reporters after a formal ceremony at the presidential palace that ended two months of political deadlock.

Samaras warned Greece was in a "critical'' situation, saying: "Tomorrow, I will ask the government to work hard to give tangible hope to the Greek people.

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  • yik

    ThailandPost : 519

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    Discussion 1 : 26 Jun 2012 at 14.111

    "Although he said he would respect Greece's international commitments, Samaras promised to go further in his campaign saying he would cut property and sales taxes and freeze widely contested reductions in public salaries and pensions.

    Deep in the red and still "cut taxes", NOT "reduce expenses". Shure popular in Greeze, but the foreign creditors may not be too amused ...

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