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Tue 9 Oct 2012

Merkel holds euro crisis talks with Samaras

  • By Maja Micudova and 1 other
  • Last Update: 5 years ago
  • Athens, Nomós Attikís, Greece

Germany's Chancellor Angela Merkel visits Athens to hold talks with Greek Prime Minister Antonis Samaras and to convince the country's creditors to pay the next installment of the bailout package.

According to the Chancellor's spokesman Steffen Seibert, the main topics of the talks will include "the situation in Greece itself, the situation in the eurozone, current international questions and the bilateral relationship between our two countries."  

Merkel's visit comes amid talks between Troika representatives and Greece's government on a multi-billion austerity package. 

The package has to be finalized for Greece to reach an agreement with the country's creditors and receive an eagerly awaited loan installment of €31.5 billion to recapitalize its banks and repay its private contractors.

With no agreement between the two sides in sight, the troubled country is running out of time to avoid fall. On October 5, Samaras said that Greece's "till will be empty" at the end of November.

"The troika is demanding above all further cuts to pensions and wages. That is very difficult, because we are already bleeding," said Samaras. "The existing cuts already go to the bone. We are at the limit of what we can expect of our population."

The Prime Minister, however, added that "people know that this government means Greece's last chance. We will make it. If we fail, chaos awaits us."

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Tue 9 Oct 2012 13:00