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Greek PM: Germans will get their money back

The Local · 23 Aug 2012, 08:11

Published: 23 Aug 2012 08:11 GMT+02:00

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Antonis Samaras told Thursday's Süddeutsche Zeitung that much had gone wrong in Greece but it was determined to change its ways and would fulfil its commitments for €11.5 billion ($14.2 billion) of savings.

The interview, a copy of which was released in advance, will be his second to appear in a national German newspaper in two days and precedes his visit to Berlin to meet Chancellor Angela Merkel Friday.

"The Germans will get their money back, that I guarantee personally. And all the others will get their money back too. We will fulfil our commitments fully," Samaras told the paper.

He had told Wednesday's Bild newspaper that Greece needed "a little breathing space" to make spending cuts and reforms to unlock more funds.

In his latest interview, he called for "a bit of light at the end of the tunnel" and did not say whether he would discuss a two-year reprieve with Merkel at their talks, but reiterated Athens was not asking for additional cash.

"We will deliver. Greece will change and we are determined about that," he said but warned against scaring away investors in his country, which is in its fifth year of recession, with talk of it leaving the euro.

"Every time a German, Dutch or Austrian politician raises our euro exit, I think 'how am I to privatise state-owned enterprises? What businessman will invest euros in us when maybe he'll get drachma back?'," he said.

As part of a rescue package with its international creditors, Greece has committed to slashing some €11.5 billion from spending over two years from 2013.

Story continues below…

A team of auditors from the European Commission, International Monetary Fund and European Central Bank is due to report next month on whether Greece has done enough to unlock a further tranche of aid to stave off bankruptcy.


The Local (news@thelocal.de)

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Your comments about this article

10:52 August 23, 2012 by pepsionice
For some reason, I have my doubts about this. They probably will get about half back before some massive government collapse in Greece and then the rest just dissolves into dust.
12:11 August 23, 2012 by ChrisRea
"The Germans will get their money back, that I guarantee personally." - He must be extremely rich to be able to guarantee personally.
19:22 August 23, 2012 by Berlin fuer alles
The Germans are already getting their money back due to the Euro being a massive benefit to German exports. What he should say is Germany will get it's bread buttered on the other side also.
13:37 August 24, 2012 by raben

Thats funny...some friday humour.

Some other funny statements from the Greek Government:

2010 - Papandreou: Greece will not need a bailout.

2011- Papademos: We expect a primary surplus in 2012 of 1.1%. No more bailouts for greece will be needed.

I think Jean Claude Juncker, head of Eurogroup, got it right when he said "When it becomes serious, you have to lie."
15:34 August 24, 2012 by Strictly
Make provisions on ground and stop allucinating.
01:48 August 25, 2012 by glenhope
I agree. Greece needs Germany and the Euro and the Euro needs Greece, so Eurozone pollies need to stop talking about a Greek exit. They should start echoing Mario Draghi's statements. Financial commentators, particularly in US are openly talking about the death of the Euro, so everyone believes it will die eventually. Wouldn't it be nice if they were proved wrong. The key to Euro survival is confidence. If the Euro dies, everyone will get hurt and the speculators will make a Fortune. Let's have Eurozone speaking with one voice.
22:05 August 26, 2012 by cheeba
Maybe Germany should adopt the US dollar as her currency.

Europe has become such a nusiance for Germany, the Americans have been so good to us, think of the Marshall plan, the Berlin airlift, all those troops stationed here for all those decades at great expense.
16:34 August 27, 2012 by raandy
Typical sleazy Political remark. None of us will live long enough for that to come true if it ever does.
16:48 September 8, 2012 by Hendrich Stein
If one considers how the money and gold stolen from the Bank of Greece in WWII this alone would repay their national debt many times over, this repayment should have been expressed in past than future tense,
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