Δευτέρα 20 Αυγούστου 2012

Crucial week for Eurozone and Greece




The first tour abroad as prime minister of Greece, Antonis Samaras has a mission to win the last chance that Greece has to escape the economic collapse.
The international press is full of scenarios for a possible exit of Greece from the euro area. Besides German media are trying to determine the cost of "buy out" of the Greek debt and refinancing of the deficits of Spain.
Many European politicians talks about “Babel” without a common line, the burden of decision falls in Germany, which enters the final straight for the elections of 2013 and therefore affected by the partisan balance in order to attract votes.
The appointment of Mr. Antonis Samaras with Mrs Angela Merkel is the most crucial of the three tests required to pass prime minister the next seven days. Mr. Samaras has realized that the choices are limited and there are no magic solutions to overcome the crisis.
The risk of running the country is very great and European partners are sure to make it absolutely clear through public statements and leaks to the intentions and to consider alternatives without Greece in reports published in major international media .
The prime minister knows that the leeway that has been limited. The decision taken at the highest government level and are known as the leader of PASOK Evangelos Venizelos and the chairman of the Democratic Left Fotis Kouvelis is to present the German chancellor plan to reduce state spending by 11.5 billion just for by the Memorandum.
Under this plan, Mr. Samaras will seek to conduct an initial exploratory discussion with Ms. Merkel on the possibilities of extending the fiscal adjustment program by 2016.
The Greek prime minister, according to reliable information, will try to refute the view expressed mainly by German Economy Minister Philipp Relser that a possible way out of the euro by Greece is manageable from the other 16 eurozone countries. The Greek effort will be to convince the German government that Athens did not ask Berlin to transfer even more money from the pockets of German taxpayers to the Greeks.

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