Greek Prime Minister George Papandreou has arrived in Turkey for talks with his Turkish counterpart Recep Tayyip Erdogan. Both leaders are expected to discuss controversial Greek plans to build a fence along the two nations’ border.
Posts Tagged ‘George Papandreou’
“Serbia’s EU future certain thanks to DSâ€
December 19th, 2010 |
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EU representatives and regional officials said at the Democratic Party (DS) Electoral Convention that Serbia’s EU future was guaranteed thanks to the DS.
Greek Prime Minister George Papandreou addressed the delegates and guests via video link to say that Serbia was fast approaching the EU, and that the DS was giving a great contribution to a European and modern Serbia, as well as to the strengthening of its democratic institutions.
Greek PM: Serbia’s future is in EU
October 6th, 2010 |
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Greek Prime Minister George Papandreou said in Belgrade that Serbia’s future is in the EU and that Serbia needs to become a member as soon as possible.
At the end of an event called Serbia on the Road to Europe – 10 Years Later, Papandreou said that in 2000, the people of Serbia chose democracy, in a peaceful way.
Greece contributed to success of joint resolution
September 13th, 2010 |
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Greek Prime Minister George Papandreou stated that Greece had contributed to the shaping up of the Serbia-EU joint resolution. He said that Greece had a big role in paving the way for resolving the issue.
Greece PM rules out restructuring of national debt
September 12th, 2010 |
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Greek Prime Minister George Papandreou has said restructuring the nation’s debt would be “catastrophic” for the country’s credibility and its economy. If debt repayments were suspended, he said Greece “would head towards a potential and probable collapse of the banking system”.
“Greece ready to resolve Macedonia issueâ€
June 22nd, 2010 |
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Greek Prime Minister George Papandreou met with UN Secretary-General Ban Ki-moon and commented on the Macedonia name dispute. “It is unfortunate that a solution has not been found so far,†reports quoted him as saying.
Greek PM: Athens implementing reforms
June 12th, 2010 |
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Greek Prime Minister George Papandreou said that his goal is to achieve a complete re-orientation of the Greece economy. He said that Athens is currently working on implementing significant reforms, with which it intends to pull the country out of crisis.
Tadić continues visit to Greece
June 2nd, 2010 |
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Serbian President Boris Tadić will meet in Athens today, on the second day of his official visit to Greece, with Greek Prime Minister George Papandreou. He will also meet with Greek businesspeople at a meeting of the Greek-Serbian Business Council.
Agreement reached for aid to Greece
May 2nd, 2010 |
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Athens, the IMF and EU have reached an agreement for giving financial aid to Greece. Greek Prime Minister George Papandreou said that an agreement was reached for financial aid from the International Monetary Fund and European Union, calling on the people of his country to make a “huge sacrifice†in order to avoid a catastrophe for Greece.
My word, your bonds
April 29th, 2010 |
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The world’s banks may be heavily exposed to a Greek default
He couldn’t hold out any longer. On Friday April 23rd the Greek prime minister, George Papandreou, finally went cap-in-hand to his euro-area partners to ask for the €30 billion ($40 billion) promised to him to keep his country afloat. But Germany’s dithering on authorising the loan led to Standard & Poor’s, a rating agency, to downgrade Greece’s debt to “junk” status. Portugal and Spain also suffered downgrades. As the likelihood of a Greek default grow stronger, banks are scared about their exposure to its debt. Estimates by The Economist put the total euro-area exposure of foreign banks to Greek sovereign debt at €76 billion, with over 71% held by France and Germany. Estimates for Portugal, which may also be vulnerable to a default, are €32 billion. Little wonder that investors are taking flight.
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An extreme necessity
April 23rd, 2010 |
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Greece’s request for aid from the euro zone and the IMF will provide only temporary relief
GREECE’S prime minister, George Papandreou, faced the television cameras on Friday 23rd April to anounce that his government would draw on emergency aid to tide it over for the rest of the year. Mr Papandreou decribed the rather embarassing request to to other euro zone members and the IMF as “an extreme necessity.” This followed a week in which yields on Greek bonds reached an alarming 8.9%. That in part reflected an announcement by Eurostat, the European statistics agency, that Greece’s budget deficit reached 13.6% of GDP in 2009, even worse than it had previously thought. The agency added that the number might be revised up again, owing to the poor quality of the available data. Moody’s, a credit-rating agency, responded by giving the latest of many downgrades by agencies to Greece’s sovereign bonds.
The interest rate for emergency aid from other members of the euro zone will be 3.5 percentage points above the benchmark “risk-free” rates for euro loans. That works out at around 5% for a fixed-rate loan, which is less than markets were asking of Greece before the deal was struck but still steep. Portugal and Ireland, the next-riskiest borrowers in the euro area, pay less than half as much for three-year money. Germany pays a mere 1.3%. …
Greece may look to IMF for bailout
March 19th, 2010 |
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Greek Prime Minister George Papandreou said Thursday that his country may ask the IMF for a bailout, a move which Germany would support. Analysts, however, think Athens is simply trying to provoke a concrete EU aid plan.
Obama pledges friendship to debt-riddled Greece
March 10th, 2010 |
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U.S. President Barack Obama has told visiting Greek Prime Minister George Papandreou the U.S. will work with Greece, which is struggling with massive debt. Both leaders spoke at a White House reception, hours after meeting in the Oval Office.
Clinton on integration of Balkans
March 9th, 2010 |
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U.S. State Secretary Hillary Clinton says EU integration of the Western Balkans countries were of essential importance for regional stability and development. She stated that she had spoken with Greek Prime Minister George Papandreou, who is on a three-day visit to U.S. about the Balkans, where Greece had key role in improving “economic possibilities, stability and democracy”, reports said.
Greece asks U.S. to help crackdown on speculators
March 9th, 2010 |
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The Greek prime minister has called on the US to help crack down on the financial speculators he blames for exacerbating his country’s debt woes. George Papandreou said he wanted to see the US impose stricter regulations on hedge funds and currency traders.
EU ministers meet again over Greek crisis
February 15th, 2010 |
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Greek premier George Papandreou wants the European Union to do more to support his cash- strapped country. As, once again, eurozone states meet today to discuss Greece’s budget crisis, Papandreou says his country cannot act alone to solve its problems.
In search of credibility
February 3rd, 2010 |
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The Greek government wins support from Brussels—but can the country stick to austerity?
RARELY do chickens come home to roost with such precision. George Papandreou, Greece’s Socialist (Pasok) prime minister, is struggling to stop the country “falling over a cliff”, as he put it in a gloomy television address on February 2nd. Yet it was his late father Andreas, a spendthrift Pasok premier, who sowed the seeds of Greece’s crisis with a borrowing spree in the 1980s. The younger Mr Papandreou must now act quickly to curb Greece’s “triple deficit”—swollen budget and current-account deficits, plus a soaring public debt—or risk a humiliating loss of sovereignty to the European Union institutions in order to escape a sovereign default.
Mr Papandreou, a sociologist who dislikes figures, would much prefer to talk of Greece’s “credibility deficit”. As he made clear this week at a conference in Athens with Joseph Stiglitz, an American economics Nobel laureate, organised by The Economist, he blames unnamed “speculators”, including hedge funds, for the punishment that the country’s bonds are taking on financial markets. He and Mr Stiglitz also both attacked those whom they termed “deficit fetishists”. …
Greek problems “euro zone issueâ€
February 3rd, 2010 |
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Greek PM George Papandreou has told a financial conference in Athens his country’s fiscal troubles are part of a wider euro zone problem. Spain and Portugal are next in line, EuroNews quoted Papandreou as saying.
Greece denies bail-out is needed
January 29th, 2010 |
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Greece’s Prime Minister George Papandreou has denied speculation that it will have to be bailed out by the European Union (EU). Reports have suggested that the EU will pump money to help Greece – whose public finances are in ruins.
Ambassadors’ Conference in second day
January 5th, 2010 |
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Vuk Jeremić opened the two-day Ambassadors’ Conference in the Palace of Serbia on Monday. The guest of honor at the conference was Greek Prime Minister George Papandreou, who also addressed the gathering.