ATHENS, July 6 - RIA Novosti, Alexei Bogdanov. Greece withdraws his claim credit review of the EU and the IMF, wrote in the Financial Times on Friday citing Finance Minister Yannis Sturnarasa.
"The program has deviated (from goals), and we can not demand anything of our creditors, until we restore it ... There is light at the end of the tunnel, but it is a very long tunnel," - said in an interview Sturnaras.
If the words Sturnarasa confirmed on Friday evening at the parliamentary hearings on the program of the new government, it would mean another 180-degree turn in the politics of Athens against creditors. All three parties of the ruling coalition in Greece promised to revise an agreement with lenders on loans in exchange for reduced costs and reform. It was assumed that Greece will require a minimum two-year delay to reduce the fiscal deficit to sustainable levels, and also refuses to dismiss the earlier commitments of the state employees and continue to reduce, if necessary, salaries and pensions.
However, according to Financial Times, the creditors of the EU and the IMF, whose experts have arrived this week in Athens, Samaras warned that his intention to require changes in the program is unrealizable. Mitigating conditions for Greece would be additional funding for the country and the lenders have already made it clear they do not intend to allocate additional funding. Thus, the IMF Managing Director Christine Lagarde said that "does not and is not configured to" negotiate with Greece about changing credit conditions.
The new prime minister and leader of the center-right party "New Democracy" Antonis Samaras has repeatedly encountered friction with the creditors. As the leader of the parliamentary opposition Samaras in 2010-2011 categorically rejected the loan agreement with the EU and the IMF. In November 2011 Samaras has radically changed its position by supporting these agreements under the threat of withdrawal from the eurozone. After that, Samaras for a long time refused to provide written assurances to creditors that will honor the agreement. Then the center-right leader has insisted on holding early elections on May 6, to whom he promised the voters adhere to agreements with creditors. These elections are not allowed to form a viable government, which has led to new elections on June 17. Samaras won this election on promises to revise the program to reduce costs.
Greece has already received from the EU and the IMF loan package of two multi-billion to fund its obligations, as well as money to recapitalize the banking system. In addition, the EU and the IMF to assist in "voluntary" debt relief to the country's private creditors. The total amount of loans and debt forgiveness made to the May 2010 order of 380 billion euros.
"The program has deviated (from goals), and we can not demand anything of our creditors, until we restore it ... There is light at the end of the tunnel, but it is a very long tunnel," - said in an interview Sturnaras.
If the words Sturnarasa confirmed on Friday evening at the parliamentary hearings on the program of the new government, it would mean another 180-degree turn in the politics of Athens against creditors. All three parties of the ruling coalition in Greece promised to revise an agreement with lenders on loans in exchange for reduced costs and reform. It was assumed that Greece will require a minimum two-year delay to reduce the fiscal deficit to sustainable levels, and also refuses to dismiss the earlier commitments of the state employees and continue to reduce, if necessary, salaries and pensions.
However, according to Financial Times, the creditors of the EU and the IMF, whose experts have arrived this week in Athens, Samaras warned that his intention to require changes in the program is unrealizable. Mitigating conditions for Greece would be additional funding for the country and the lenders have already made it clear they do not intend to allocate additional funding. Thus, the IMF Managing Director Christine Lagarde said that "does not and is not configured to" negotiate with Greece about changing credit conditions.
The new prime minister and leader of the center-right party "New Democracy" Antonis Samaras has repeatedly encountered friction with the creditors. As the leader of the parliamentary opposition Samaras in 2010-2011 categorically rejected the loan agreement with the EU and the IMF. In November 2011 Samaras has radically changed its position by supporting these agreements under the threat of withdrawal from the eurozone. After that, Samaras for a long time refused to provide written assurances to creditors that will honor the agreement. Then the center-right leader has insisted on holding early elections on May 6, to whom he promised the voters adhere to agreements with creditors. These elections are not allowed to form a viable government, which has led to new elections on June 17. Samaras won this election on promises to revise the program to reduce costs.
Greece has already received from the EU and the IMF loan package of two multi-billion to fund its obligations, as well as money to recapitalize the banking system. In addition, the EU and the IMF to assist in "voluntary" debt relief to the country's private creditors. The total amount of loans and debt forgiveness made to the May 2010 order of 380 billion euros.
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