Wednesday, August 22, 2012

Samaras: Greece needs 'air to breathe'

BERLIN (AP) ? Greece's prime minister struck a conciliatory tone Wednesday ahead of a closely watched visit to Germany, insisting in interviews with two influential German newspapers that his country doesn't want more money, just more time to deliver on promised economic reforms and government spending cuts. German officials and some lawmakers in Merkel's coalition government have made clear they are in no mood to grant significant concessions. Samaras pledged before coming to power that he would seek a two-year extension to the deadline for implementing unpopular cuts demanded in exchange for two massive international aid packages worth ?240 billion that are keeping Greece afloat. In a separate interview with the respected Sueddeutsche Zeitung, Samaras said his government would achieve the promised budget cuts of ?11.5 billion over two years ? a prerequisite for Greece to receive the next tranche of aid of ?31 billion. Both meetings are seen as key diplomatic way stations ahead of an assessment of Greece's efforts by inspectors from the so-called troika of the International Monetary Fund, European Union and European Central Bank.

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