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Greek PM denies euro exit; says leave Greece alone
ATHENS - Greek Prime Minister George Papandreou on Saturday denied there was even unofficial discussion over Greece quitting the euro zone and asked that his troubled country be "left alone to finish its task."
Ministers from the euro zone's biggest economies met in Luxembourg to discuss Greece's debt crisis on Friday but Athens and senior EU officials denied a report by Germany's Spiegel Online that the Greek government had raised the prospect of leaving the 17-member euro zone.
"These scenarios are borderline criminal," Papandreou told a conference on the Ionian island of Meganisi. "No such scenario has been discussed even in our unofficial contacts...I call upon everyone in Greece and abroad, and especially in the EU, to leave Greece alone to do its job in peace."
European Central bank Governing Council member Erkki Liikanen on Saturday shot down reports of Greece exiting the euro and said restructuring its 327 billion euro ($470 billion) debt would offer no permanent solution to its problems.
"No euro zone country wants to leave the euro," Liikanen, who also heads the Bank of Finland, said in an interview at Finnish national broadcaster Yle.
Greek Finance Minister George Papaconstantinou attended the Luxembourg talks, his finance ministry said, adding Greece remained committed to repairing its finances and returning to economic growth.
"Markets continue to have doubts and we have scheduled our next steps for 2012," Papaconstantinou told reporters on Saturday when asked about what was discussed at the meeting.
"We (Greece) will either go out to markets or use the recent decision by the EU Council that allows the European fund (EFSF) to buy Greek bonds. That was what the discussion was about."
Sources close to the talks said on Saturday the meeting did not look at extending the repayment of Greece's bailout loans, or any new bailout deal terms for the country.
"There was an extensive debate on Greece's economic adjustment programme. The progress made was recognised but it was also recognised that the programme has not changed the situation (markets' confidence in Greece) as fast as expected," one source said.
Jean-Claude Juncker, head of the group of euro zone finance ministers who called the late Friday meeting, said there was a broad discussion of Greece and other international economic issues but said the idea of exiting the euro was stupid.
He said a meeting of all euro zone finance ministers on May 16 would discuss whether Greece needed a further economic plan. The EU is currently negotiating a bailout with Portugal, the third state it is rescuing after Greece and Ireland.
Despite a 110 billion euro international bailout, Greece, a euro zone member since 2001, has not cut its budget deficit as fast as it promised its lenders amid a deep recession. Gains from spending cuts and tax hikes have been partly erased by low revenues due to tax evasion and a deep recession.
(Reuters)
Sunday 2011-05-08  |  00:25:19   
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