Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

A landslide victory for the 'invisible candidate' in Algeria's Presidential polls

Read more

THE WORLD THIS WEEK

The World This Week - 18 April 2014

Read more

THE WORLD THIS WEEK

The World This Week - 18 April 2014 (part 2)

Read more

MEDIAWATCH

Presidential adviser resigns over "shoe-shine scandal"

Read more

#THE 51%

Breaking stereotypes

Read more

#TECH 24

Galaxy S5 v. HTC One (M8): Which is the right one for you?

Read more

FRANCE IN FOCUS

New PM Manuel Valls outlines priorities

Read more

FASHION

Jean-Marc Loubier, bags and shoes.

Read more

ENCORE!

Hip-hop musician Beat Assailant on mixing the sounds of the city

Read more

  • Freed French journalists arrive home after Syria ordeal

    Read more

  • French journalist tells of release from captivity in Syria

    Read more

  • Divers begin pulling bodies from sunken South Korean ferry

    Read more

  • Deadly clash breaks out at eastern Ukraine checkpoint

    Read more

  • Scores killed in South Sudan cattle raid

    Read more

  • PSG clinch fourth League Cup title after beating Lyon

    Read more

  • Le Pen’s National Front fail to woo Britain’s Eurosceptics

    Read more

  • In pictures: French kite festival takes flight

    Read more

  • VIDEO: Anti-Semitic leaflets in Eastern Ukraine condemned

    Read more

  • In pictures: Good Friday celebrated across the globe

    Read more

  • Bouteflika, the ghost president

    Read more

  • Does Valls’ upcoming Vatican trip violate French secularism?

    Read more

  • Ukraine separatists say ‘not bound’ by Geneva deal

    Read more

  • Abel Ferrara’s hotly awaited DSK film to premiere on web

    Read more

  • Obama signs bill to block controversial Iran diplomat from UN post

    Read more

  • Ukraine: ‘One bloody incident could scupper Geneva deal’

    Read more

  • Astronomers discover Earth-like planet that could support life

    Read more

  • Indian election: Votes for sale

    Read more

  • World honours Garcia Marquez’s magical literary legacy

    Read more

  • In pictures: Iranian woman pardons son’s killer at the gallows

    Read more

  • Algeria's ailing Bouteflika clinches fourth term amid fraud claims

    Read more

  • Top Hollande adviser resigns over conflict of interest accusation

    Read more

  • West African Ebola outbreak caused by new strain of virus

    Read more

Europe

Europe 'expects' Greece to respect bailout terms

©

Latest update : 2012-05-07

The European Commission has said that it "hopes and expects that the future government of Greece will respect" its austerity engagements, one day after elections widely seen as a protest at the EU-IMF bailout terms broke the ruling coalition.

AFP - The European Commission said on Monday it expects the next Greek government to respect the terms of a financial rescue after the rise of anti-bailout parties at weekend elections.

"The Commission hopes and expects that the future government of Greece will respect the engagements that Greece has entered into," commission spokeswoman Pia Ahrenkilde Hansen told a news briefing.

Greek conservative leader Antonis Samaras, whose party came on top of Sunday's elections, said he would seek to "amend" the country's controversial EU-IMF loan agreement in order to boost growth.

But the conservatives and Greece's other mainstream party, the Socialists, fell short of an absolute majority in the 300-seat parliament, making it unclear how a new government will be formed.

"It is up to Greek political forces to work in a spirit of responsibility to form a government with a stable majority," said Ahrenkilde Hansen.

She added that the commission stands ready to continue helping Greece implement the unpopular reforms attached to the bailout package, seen as contributing to electoral gains made by neo-Nazi and far-left parties.

"We think that Greece must remain a member of the euro but everybody has to carry its responsibilities," said the European Commission's economic affairs spokesman, Amadeu Altafaj.

Warning that "solidarity is a two-way street," Altafaj called for the "full and timely" implementation of the bailout programme in order to ensure that the massive Greek debt becomes sustainable.

Greece has secured two bailouts of 240 billion euros ($312.2 billion) in return for promises of deep austerity cuts that have already seen pensions and salaries slashed by up to 40 percent.

Athens has already committed to finding in June another 11.5 billion euros ($15 billion) in savings in the next two years. The country is in its fifth year of recession and unemployment is at 40 percent.

Date created : 2012-05-07

  • GREECE

    Greece set for critical vote amid eurozone fears

    Read more

  • GREECE

    Greeks speak out ahead of key legislative elections

    Read more

Comments

COMMENT(S)