• 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

Greek Prime Minister Antonis Samaras assured German Chancellor Angela Merkel on Tuesday that his people were making "great sacrifices" to beat their debt crisis and restore confidence.

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
April wraps up with stormy week ahead
Lightning over Lake Starnberg, in Bavaria. Photo: DPA

April wraps up with stormy week ahead

The end of April is looking stormy for Germany with hot and cold air mixing and making for wild spring weather over the coming few days, state forecasters DWD said on Wednesday. READ () »

Germany sold €40 million of arms to Russia
Russian troops pictured in March in Crimea. Photo: DPA

Germany sold €40 million of arms to Russia

German arms sales to Russia have come under fire following the crisis in Ukraine. In 2012 Germany sold €40 million worth of rifles, pistols and armoured vehicles to the country. READ () »

Munich to get 'Tetris cube' hotel
Photo: Nieto Sobejano Architects, Berlin

Munich to get 'Tetris cube' hotel

Munich's old city centre is to receive an ultra modern addition to its skyline in the shape of a new hotel dubbed 'the Tetris cube'. READ () »

The Local List
German beer culture in 11 gulps
Photo: DPA

German beer culture in 11 gulps

Wednesday marks the 498th anniversary of Germany's celebrated beer purity law, so in honour of nearly half a millennium of hoppy history, this week's Local List tells some beer truths you may not know. READ () »

Feminist's apartment advert goes viral
Photo: Screenshot/Facebook

Feminist's apartment advert goes viral

Finding accommodation in Berlin is notoriously tricky. But one woman on the hunt might have a particularly hard time of it, with an advert for an apartment so absurd it has gone viral. READ () »

Russian spies step up activity in Germany
The Russian embassy building in Berlin. Photo: DPA

Russian spies step up activity in Germany

Russian spies are increasingly targeting potential informants in German politics and business by taking them out to dinner, according to counterintelligence services. READ () »

Jobless benefits to get leaner and meaner
Photo: DPA

Jobless benefits to get leaner and meaner

The German government is planning a shake-up of the country’s unemployment benefit system, Hartz IV, by introducing stricter rules on claimants in a move which supporters say will cut bureaucracy. READ () »

Germany's oldest woman dies aged 112
Gertrud Henze. Photo: DPA

Germany's oldest woman dies aged 112

Germany’s oldest woman died at the age of 112 on Tuesday. Gertrud Henze was born on December 8th 1901 and joked her long life was down to never getting married. READ () »

Exchange student 'murderer' stays silent
Police search the area near where Gabriele's body was found in October 2013. Photo: DPA

Exchange student 'murderer' stays silent

The alleged murderer of an exchange student in southern Germany stayed silent in the dock on Tuesday on the first day of his trial. READ () »

European Elections 2014
'If Britain goes, Europe is lost'
Hans-Olaf Henkel (r) celebrates the one-year anniversary of the AfD with leader Bernd Lücke. Photo: DPA

'If Britain goes, Europe is lost'

In an interview with The Local, one of the leaders of Germany's eurosceptic party talks about Europe's future, why Britain is a model country and why he will not work with UKIP's Nigel Farage. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Politics
Interview with AfD - 'If Britain goes, Europe is lost'
Photo: DPA
National
Police damage own water cannon with eggs
Photo: DPA
National
Let us start work later after World Cup nights, unions says
Photo: DPA
Society
Crystal meth use hits record level
Photo: DPA
Rhineland
Elderly man taped €200,000 to his genitals
Photo: DPA
Business & Money
What's the unemployment rate in your area of Germany?
Photo: DPA
Gallery
Nine ways to celebrate Easter like a German
Photo: Galerie Bilderwelt
Gallery
World War I in colour photos
Photo: DPA
Society
JobTalk: Why you should teach English in Germany
Photo: DPA
National
330,000 sign up against TV licence fee
Photo: DPA
Hamburg
School kids hospitalized after 'porno' party
Photo: Submitted
Frankfurt
'I'll get even with my old pal Schwarzenegger'
Advertisement:
Photo: DPA
Gallery
Ten great inventions you (probably) didn't know were German
Photo: J. Arthur White
Berlin
Clashes in Berlin as refugees tear down their own camp
Photo: DPA
Gallery
Munich's baby polar bears are finally named
Photo: DPA
Gallery
The 10 best German employers to work for
CurrencyFair
Sponsored Article
Why it pays to avoid banks when making overseas transfers
Mr. Lodge
Sponsored Article
How to find a furnished rental in Munich
Sponsored Article
How to make a lasting impression in business
Hult International Business School
Sponsored Article
What they don't teach you at Business School
Photo: DPA
Society
Nine jobs you can only do 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
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

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

3,051
jobs available
Toytown Germany
Germany's English-speaking crowd