• Germany edition
 
Greek PM to Merkel: 'we are making sacrifices'
Photo: DPA

Greek PM to Merkel: 'we are making sacrifices'

Published: 08 Jan 2013 12:59 GMT+01:00
Updated: 08 Jan 2013 12:59 GMT+01:00

Samaras, who was in Berlin to attend a business conference, told reporters ahead of talks with Merkel at her chancellery that his country was implementing crucial reforms, even as average Greeks bear the brunt of the transition.

"I would like to make clear from the start that our country is making an enormous effort, which goes hand-in-hand with great sacrifices, to get things on the right track," he said, flanked by the German leader.

"We are trying to win back credibility – credibility on the part of the peoples of Europe and on the part of the markets."

Samaras trumpeted a "series of systematic measures" to "guarantee that we do the best possible to put things right, above all to ensure liquidity, which is the life's blood of a healthy economy."

"Those are, together with investments, the two elements that are crucial for our country – a country that is truly suffering a lot, above all in the grips of unemployment, especially among young people," he said.

Merkel said she and Samaras would discuss what kind of headway Athens was making on putting its fiscal house in order, as well as challenges faced by Germany, Europe's top economy.

"I am interested in hearing about progress on the implementation of the Greek reform programme and on the other hand to report what kind of economic situation we in Germany expect because we too must do everything we can to ensure economic growth and thus job security," she said.

Merkel is a widely hated figure in Greece for championing painful budget cuts in exchange for European aid and faced sometimes violent protests during a visit to Athens in October to meet Samaras.

Last month, European Union leaders agreed to provide €49.1 billion in aid in return for more austerity measures.

Greece has already received €34.3 billion of this package and is poised to obtain another €9.2 billion at the end of this month if key fiscal reforms are carried out, followed by two more slices of €2.8 billion in February and March.

AFP/jcw

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

15:31 January 8, 2013 by smart2012
sacrifices to pay off debt with Commerzbank, Deutsche bank, Thyssenkrupp, Siemens, Deutsche Telekom... As said in the past, german tax payers money are going in the pockets of big German companies and CEOs.. not in the pockets of the greek people. The hypocrisy of Verkel
18:55 January 8, 2013 by wxman
I'm an American, not a German, but his statement lacks the second part that is the real key. "We squandered our national funds giving outlandish retirements to our 'workers' and are now broke. Now give us more money to keep us afloat!, you heartless Nazi!"
20:09 January 8, 2013 by raandy
The Greeks if they want any credibility they need German suport . Its a catch 22 they can never recover without a debt reduction.
20:26 January 8, 2013 by smart2012
Randy, what exactly do u mean? What if Greeks would stop paying to the companies above mentioned (in my first note)? I think u r missing the point here. Germany needs Greece to pay off the bill to German banks and companies, to avoid those companies to screw up (some of them even involved in corruption cases) that is why Greece is so important (no one in Germany went crazy when Ireland went bankrupt), u wonder why? ;)

Germans, focus on priorities ie 55-60 years old people not finding jobs, low salaries (via temp agency and 400 euros jobs) and apartment costs impossible to be paid..
23:28 January 8, 2013 by jg.
@smart2012 You are missing out the part where the Greeks first borrowed loads of money from all those banks and then spent it - mostly on subsidising a lavish lifestyle. If the Greek authorities were serious about addressing their economic problems, they would be investigating all those Greeks on that list of bank accounts in tax havens, instead of trying to lock up the journalist who leaked it.
00:10 January 9, 2013 by Deutschguy
jg is right.

Read this op-ed in the NY Times by the journalist who will face trial for releasing the list of bank accounts.

http://www.nytimes.com/2013/01/07/opinion/greeces-rotten-oligarchy.html

One of the demands for further aid/bailouts should be a break up of media in Greece.
01:25 January 9, 2013 by www.emungus.net
GRECE-EU: TALE OF A BACKBREAKING MARCH

Unknowingly, the entry into the European Union (EU) was a long marathon for which Greece was not well prepared and well aware. It appears to be a longer march than expected. She is faltering and may lose the breath (and she is not the only one) at anytime since sacrifices are huge. Apparently, this community is not only economic : it is also cultural and some newly-member states were not completely prepared to this jump from their national system to an inter-states, international one. The move into (old )Europe was subjected to her rules; this means new member states had to cope with Europe's conditions of equilibrium and unconditional economic stability . The temptation was stronger than caution. It seems like the Greeks have not measured the distance of that long journey as member in the EU. The same way as an athlete during a long racing a handsome sunny day , or as a sprinter with little physical condition, Greece sprinted her best and as fast she could. But halfway, the hardship and tribulation of this craving marathon began to be felt, little by little Greece started lagging behind other member states. She tried to get up, continue walking but this was not so easy -it does not easy to traverse many miles after a brisk pace. Then Greece slowly was slumped to the ground. This is an illustration of the steps that Greece had crossed up to now. She can not get up without help from others the UE, which means huge sacrifices to other member states, namely Germany and France. However, the disappearance of Greece can hurt the credibility of the EU, it would spark free rein to the tensions which might disturb the political stability of the organization. And truly, Greece is making sacrifices. Reason why she needs to be supported to recover and carry on.
12:26 January 9, 2013 by raandy
smart2012 ...,exactly what I said, still on that witch hunt?
17:56 January 9, 2013 by Slim Fairview
PM Samaras visited Chancellor Merkel in Germany. I admonished Sarkozy for doing the same thing. Sarkozy lost re-election.

The Chancellor's One-Pronged approach is not a solution. It is a weapon.

You cannot cut wages, fire people, raise taxes, and claim a solution is imminent. You can only claim that the economy will be restored in 10 to 20 years, retire, wait for the economy to fix itself, then publish a memoir claiming credit for solving the problem.

The single-most read article on my blog is "Merkel's Last Stand"

The second? "The EuroCrats Trojan Plan--Destroy Greece"

I once stated that under Merkelism (An economic system based on the fear that someone, somewhere is earning a living.) Germany will be last in the line of dominoes to fall.

That China will now lift the world economy is a foregone conclusion.

For the American Market I wrote "Underestimating China Again"

Warmest regards,

Slim

Slimviews is an unfunded, unsupported, non-profit, web log by Slim Fairview
Today's headlines
German squad leaves out one-legged long jumper
Markus Rehm. Photo: DPA

German squad leaves out one-legged long jumper

German athletics officials said on Wednesday they would not nominate the country's long jump champion Markus Rehm for the European championships because of fears his prosthetic leg gives him an unfair advantage. READ  

Second man arrested after synagogue attack
The synagogue on Tuesday after the attack. Photo: DPA

Second man arrested after synagogue attack

Police arrested a second suspect on Wednesday in connection with an attempted arson attack in which Molotov cocktails were thrown at a synagogue in western Germany. Another man who said he was Palestinian has denied involvement. READ  

German women fall short of equality
Still a man's world: women in Germany find it hard to rise as high as Defence Minister Ursula von der Leyen. Photo: DPA

German women fall short of equality

Women in Germany are still underrepresented in leadership jobs and among professors, a new government report said on Wednesday. They are also paid less and remain unlikely to study science, technology, engineering or mathematics. READ  

The Local List
Five reasons to visit (and to avoid) Oktoberfest
Photo: DPA

Five reasons to visit (and to avoid) Oktoberfest

With just over 50 days to go until Munich's Oktoberfest starts, it is time to book your train/plane/horse to the world’s biggest beer festival. Or is it? The Local List looks at five reasons you should be making that trip, and five why you'd better steer clear. READ  

Visa chaos hits Bayern Munich's USA tour
Karl-Heinz Rummenigge. Photo: DPA

Visa chaos hits Bayern Munich's USA tour

Bayern Munich boss Karl-Heinz Rummenigge is among the club's staff and players who could not join a week-long tour to the USA on Wednesday because of visa problems. READ  

Dead TV star replies to SPD party invite
German actress Renater Küster with a statue of her late husband Dieter Hildebrandt. Photo: DPA

Dead TV star replies to SPD party invite

The Social Democrats (SPD) accidentally invited a dead TV star to attend its summer party. It got a shock when the veteran presenter replied saying, "I can't make it". READ  

Father killed in 'Cold Water Challenge'
The digger tipped over. Photo: DPA

Father killed in 'Cold Water Challenge'

A father died and five of his friends were injured on Tuesday night in western Germany when a digger fell on top of them during a so-called Cold Water Challenge. READ  

Huge Bavarian crop circle puzzles crowds
Raisting crop circle. Photo: DPA

Huge Bavarian crop circle puzzles crowds

A mysterious crop circle in Bavaria has attracted thousands of visitors since it was spotted in a wheat field last week. READ  

German siblings killed by drunk driver in Austria
Photo: DPA

German siblings killed by drunk driver in Austria

A ten-year-old girl and her 21-year-old brother were killed overnight in a road accident on the A1 motorway in Upper Austria, caused by a drunk driver who was driving on the wrong side of the road. READ  

Merkel: Russia sanctions were 'inevitable'
Merkel warned further sanctions could be imposed against Russia. Photo: DPA

Merkel: Russia sanctions were 'inevitable'

Strong sanctions imposed by the EU against Russia over its role in the Ukraine crisis were “inevitable”, Chancellor Angela Merkel claimed on Tuesday night, despite Germany's initial reluctance to get tough on President Vladimir Putin. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Analysis & Opinion
Have Your Say: Should Germany legalize cannabis?
Photo: DPA
Education
Germany's students fail to graduate in time
Photo: DPA
Gallery
Hamburg harbour lit up in blue
Business & Money
JobTalk: 'Application process is failing'
Photo: Bundesarchiv/Bild 183-S45825
Culture
Germany puts 700,000 WWI docs online
Photo: DPA
Society
This man wants to give all of us €12,000 a year
Photo: DPA
Education
Top university switches master's courses to English
instagram.com/gotzemario
Gallery
Germany's World Cup stars share their holiday photos
Travel
Plans unveiled for bike trail along former Iron Curtain
Photo: DPA
Gallery
The Local List: 12 best words in German
Photo: DPA
Gallery
German Bucket List: How many of these can you tick off?
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Education
Raising the bar for law & business in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Sponsored Article
Bilingual school turning education on its head
Sponsored Article
CurrencyFair: Why it pays when making overseas transfers
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,253
jobs available
Toytown Germany
Germany's English-speaking crowd