Germany’s Chancellor Angela Merkel has dismissed suggestions that Greece burdened with debts may leave the EU. “Asked whether Greece should leave the EU does not exist,” Merkel said after meeting with Prime Minister of Greece George Papandreou. Debt of 300 billion and budget deficit of 12.7 percent of GDP made Greece “weak link” of the euro area and Germany has the largest economy in the community. Berlin has repeatedly refuting suggestions that it intends to “save” proved to be in Greece Financial Crisis, recalls agency Reuters. Merkel urged Greeks to “bear with” give effect to the new anti-crisis measures, and to understand that the residence of Athens in the euro area is very important. “All we are faced with economic crisis, we are in a complex situation and therefore understand what forces need to be implemented all measures taken to emerge from the crisis”, said Chancellor of Germany. In the popular press release about the meeting between Papandreou and Merkel says both countries will develop partnership relations on many issues and together we will resist the challenges facing the EU. Greece is in debt and financial crisis, which forced the government to take serious measures for savings. Greece says it does not need economic and political support from the EU.
After meeting with Merkel, Prime Minister Papandreou said that Greece is not seeking financial assistance from Germany, and discussed the future modernization of Greece. Budgetary and debt crises in Greece increased as a result of recession in the economy. For the second time in recent months the government has adopted in Athens on March 3, anti-crisis measures, which provide savings to 4,8 billion euros this year by raising taxes, reducing salaries of civil servants, freeze pensions. This should help Greece to meet its obligations towards the EU and to reduce its budget deficit by 4 percentage points from the current 12.7 percent of GDP to 8.7 percent by the end of 2010. In the joint communique listed seven key themes of cooperation and in particular on energy and climate change, environmental protection, protection from disasters, migration and civil society dialogue. Greek Prime Minister will tomorrow meet with President Nicolas Sarkozy of France, and on Monday with the state chapter of the United States Barack Obama.

Tags: Angela Merkel, anti-crisis measures, Chancellor, EU, European Union, Germany, Merkel

This entry was posted on Monday, March 8th, 2010 at 9:49 am and is filed under Political News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.