Benin coup thwarted by loyalist troops, president tells nation    Thailand launches airstrikes on Cambodia as Trump's peace agreement hangs in balance    Ukraine peace talks in Miami end with lingering questions over security guarantees and territory    Hamas willing to discuss 'freezing or storing' weapons, senior official says    Interior minister approves new strategy of the Supreme Authority for Industrial Security    Saudi banking assets hit record high at SR4.94 trillion    Civil Defense warns of caution amid NCM forecast of heavy rain in Jeddah and other governorates of Makkah    GCC imposes anti-dumping duties on automotive batteries from China, Malaysia    Three Saudi cities join UNESCO's Global Network of Learning Cities    95.7% of adults in Saudi Arabia enjoy healthcare benefits    Saudi Arabia ranks 5th globally, first in Arab world in AI sector growth SDAIA Academy trains over 1 million Saudis in data and AI skills    Saudi FM, ICRC Chief discuss humanitarian cooperation in phone call    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Trump presents Kennedy Center honors, calls 2025 class 'most accomplished ever'    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    Netflix to buy Warner Bros film and streaming businesses    Mexico's Fatima Bosch, who walked out on organisers, crowned Miss Universe    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Merkel defies angry protests to back Greek reform
Published in Saudi Press Agency on 10 - 10 - 2012

AlQa'dah 23, 1433, Oct 9, 2012, SPA -- German Chancellor Angela Merkel defied angry protests during her six-hour visit to Greece, which was aimed at building confidence in Athens' efforts to reform its heavily indebted
economy and allow the crisis-hit nation to remain a member of the
eurozone, dpa reported.
But while Merkel sought to shore up the fragile coalition of
conservative Prime Minister Antonis Samaras as it battles on with
deeply unpopular reforms, her visit was also directed at a domestic
German audience that has grown wary about bailing out troubled
eurozone states.
With this in mind, Merkel hopes to head off the risk of Greece
being forced to exit the eurozone, or for that matter seeking
additional aid from Europe, as she gears up for national elections
due in September 2013.
"I would wish that Greece remains a member of the eurozone,"
Merkel declared at a joint press conference with Samaras, where she
praised Greece's efforts to clean up the nation's state finances.
"It will be a long way, but we will see light at the end of the
tunnel," she said.
For the chancellor, the trip to Greece represented stepping into
the lion's den, with her visit held against the backdrop of a
security clampdown in Athens, where more than 30,000 protesters took
to the streets to protest her presence.
But there has been progress in Greece such as big reductions in the
primary and current account deficit," Merkel said.
-- SPA


Clic here to read the story from its source.