Samaras warns: Return to drachma could end democracy
Samaras warns: Return to drachma could end democracy
Greece’s Prime Minister Antonis Samaras said a return to the drachma would cause five more years of recession in his country and the unemployment rate to exceed 40 percent, Bild-Zeitung reports citing an interview.
UPD:
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Greece’s Prime Minister Antonis Samaras said a return to the drachma
would cause five more years of recession in his country and the
unemployment rate to exceed 40 percent, Bild-Zeitung reports citing an
interview.
An exit from the euro could mean the end of democracy in Greece and lead to situation similar to the Weimar Republic, the newspaper cited him as saying in a preview of an article for tomorrow’s edition.
Greece needs more time, not necessarily more money, to be able to return to economic growth, Samaras said according to Bild. His government will cut staff in the public sector by hiring one person for every ten people retiring, and implement tax and employment law changes, he also told Bild.
An exit from the euro could mean the end of democracy in Greece and lead to situation similar to the Weimar Republic, the newspaper cited him as saying in a preview of an article for tomorrow’s edition.
Greece needs more time, not necessarily more money, to be able to return to economic growth, Samaras said according to Bild. His government will cut staff in the public sector by hiring one person for every ten people retiring, and implement tax and employment law changes, he also told Bild.
UPD:
2
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