
Greek Prime Minister Antonis Samaras has asked German Chancellor Angela Merkel to give his country "breathing space" following a meeting of the two leaders in Berlin.
Mrs Merkel said she would not make "premature judgements" about Greece's progress towards meeting its reform targets in advance of an official report due next month.
She said Germany wanted Greece to remain in the eurozone.
But it had to meet its reform targets.
At a joint news conference, Mr Samaras said: "Greece will stick to its commitments and fulfil its obligations. In fact, this is already happening.
"We're not asking for more money," he said, adding that Greece needed "time to breathe".
The International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission - the group of donor bodies known collectively as the "troika" - are examining whether Greece is making sufficient progress towards reforming its public finances.
Greece's continued access to the bailout packages depends on a favourable report from the trio.
Mrs Merkel and Mr Hollande met on Thursday to discuss Greece and urged Athens to stick with the tough reforms.
Mr Samaras will next travel to France on Saturday for talks with President Francois Hollande.
Volker Kauder, the leader of Mrs Merkel's conservative parliamentary group, told German television that neither the terms nor the content of Greece's rescue deal could be renegotiated and that a Greek exit would be no problem for the euro.
And finance ministry spokesman Martin Kotthaus said a clause in the Greek bailout deal - allowing more time for reform targets in the case of a worse-than-expected recession - was not legally binding.
Greece is currently trying to finalise a package of 11.5bn euros ($14.4bn; £9.1bn) of spending cuts over the next two years.
It is also being asked to put in place economic and structural reforms, including changes to the labour market and a renewed privatisation drive.
The measures are needed to qualify for the next 33.5bn-euro instalment of its second 130bn-euro bailout.
Greece needs the funds to make repayments on its debt burden. A default could result in the country leaving the euro.
Mr Samaras is seeking an extension of up to two years for the necessary reforms, in order to provide Greece with the growth needed to improve its public finances.
Mrs Merkel has previously said that she and Mr Samaras will not make any decisions on the issue in their talks on Friday.
Although eurozone chief Jean-Claude Juncker has kept the door open for a change to the bailout terms, Germany and France have warned Athens that it should not expect any leeway unless it sticks to the reform targets.
On Thursday, Mrs Merkel said: "For me, it's important that we all stand by our commitments, and in particular await the [publication of] the troika report, to then see what the result is.
"But I will encourage Greece to follow the path of reform, which demands a lot of the Greek people."
Mr Hollande said he hoped Greece would remain within the eurozone, but added that "of course Greece must make the necessary efforts for this to happen".-----
Source: http://www.bbc.co.uk/news/business-19365265
Advertisement below
|
|
| Liveleak on Facebook | |
|
LIKE Liveleak.com |
-
Looming Large: The Euro Crisis Is Back
-
Angela Merkel warns 'time is of essence' on euro crisis
-
Eurozone nations are stuck in a 'doom loop’
-
EU Summit amid Euro Crisis
-
Eurozone ministers agree 30bn euros for Spanish banks
-
German recession fear from eurozone downturn
-
Spain is in 'total emergency’, the EU in total denial
-
Tony Blair says only Germany and a 'grand plan' can save the euro
-
Eurozone record jobless amid tame inflation
-
France warns Greek euro exit on the agenda if bailout measures not imposed
-
France and Italy stand by to bail out biggest banks as euro crisis worsens
-
EU Summit: How Germany reacted to Merkel's 'defeat'




breathing space in my ass, get your shit together greece, you lied, now eat it
Posted Aug-24-2012 Byxephos (35.10) 
xephos View Channel Send Message
(0)
@xephos what country hasnt lied you twit!
Posted Aug-24-2012 Byeeep (974.58) 
eeep View Channel Send Message
(0)
@xephos Your nations turn will come. It will become the place, like Ireland, like Greece, like the other, where bankers rush in and offer unlimited credit.
All rush in to take the credit and soon a boom of spending and buying and growth occur. People will say "it's our time, we're awesome" and invest all the debt money they can be given - then when they realize the system is a scam everything falls down. Then the outsider comes in and buys everything as the local tries to raise money More..
Posted Aug-24-2012 ByKutKorners (546.70)

KutKorners View Channel Send Message
(0)
@KutKorners you americans have limited info, first greece got to EU based on falsified data about their economy, second, the people in greece had unbelieavable social benefits (pushed by populist) which drained their country budget
Posted Aug-25-2012 Byxephos (35.10) 
xephos View Channel Send Message
(0)
@eeep yep, thei did, get your info form other sources than fox
Posted Aug-25-2012 Byxephos (35.10) 
xephos View Channel Send Message
(0)
Greece should take every dollar it can find right now and buy as much gold as it can and then tell the "International" Bankers to go fuck themselves, then slowly rebuild their country free of the debt-making system which has ruined it.
Posted Aug-24-2012 ByKutKorners (546.70)

KutKorners View Channel Send Message
(0)
Greece went to shit for a reason..
How the fuck can you make a change when you have the same government and same people with small fucking brains.
They need to create a way that digs up a country and pushes it out into space....then have a restraining order put on that country to stay 500,000km from the earth.
Posted Aug-24-2012 ByThePersuader (86.60) 
ThePersuader View Channel Send Message
(0)
Greece is proof that a great civilization can fail. As an American, I can't judge them.
Posted Aug-24-2012 ByIthinkthat1 (1326.60) 
Ithinkthat1 View Channel Send Message
(0)
@-proximacentauri- Down Under is Australia. They are doing well . although too many bloody Greeks live there.
Posted Aug-28-2012 Byfunfff (110.66) 
funfff View Channel Send Message
(0)
Default would effect Germany badly,their banks lent the Greeks billions to buy German products.So the Germans would take a double hit.Default on loans,and no more exports.When the Spanish default it gonna get nasty in Germany.
Posted Aug-24-2012 Bydrivenwell2 (605.52) drivenwell2 View Channel Send Message
(0)
You can start by not breaking any more plates and getting off your arses and doing some work...
Posted Aug-25-2012 Bynosebleed (197.16) nosebleed View Channel Send Message
(0)
@nosebleed Naah... plate breaking is fun... we wouldn't miss that for the world.
Posted Aug-28-2012 Byfunfff (110.66) 
funfff View Channel Send Message
(0)
@ebatrakom FUCK ME! No one figured that out yet!
Posted Aug-28-2012 Byfunfff (110.66) 
funfff View Channel Send Message
(0)
@ebatrakom Not entirely true. Only for certain cases (i.e. mothers after the age of 50 with under-aged children). Yes some bonuses are ridiculous but they serve the opposite purpose of what you may think. They are given at special cases to avoid universal wage rises. Also if you take the average wages you multiply by 14 and then divide by 12 you STILL get lower than the EU average. The 14 checks are actually 12 decreased wages plus 2. In fact its like you give a part of your salary every month t More..
Posted Aug-29-2012 Byfunfff (110.66) 
funfff View Channel Send Message
(0)
better bail them out and stop paying. better loose alle the money invested and start from the beginnning as to continue this SHIT.
Posted Aug-25-2012 Bykingcopy (133.94) 
kingcopy View Channel Send Message
(0)
@ebatrakom You forgot moussaka.
Posted Aug-28-2012 Byfunfff (110.66) 
funfff View Channel Send Message
(0)