Greece may still have to quit euro… PM says NO MORE austerity

Greece may still have to quit euro: Merkel ally

Greek PM says no more austerity

AFP – Greek Prime Minister Antonis Samaras on Saturday promised his recession-weary nation that there would be “no more austerity measures” as international creditors prolonged an audit of crisis reforms.

“There will be no more austerity measures,” Samaras said in a televised speech to his conservative party’s political committee.

“And as soon as growth sets in, relief measures will slowly begin,” Samaras said.

But he noted that Greece’s ailing economy was “out of intensive care, not out of the hospital.”

Representatives from the so-called troika of Greece’s creditors — the European Union, the European Central Bank and the International Monetary Fund — are currently reviewing the steps Greece has taken to meet its multi-billion bailout obligations.


Greek Finance Minister Accepts Resignation of Two Officials. Greek elections next?


Greece riots 100,000 fight against harsh cuts in Athens protests