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Home arrow About Us arrow Embassy of Greece in London arrow News arrow Samaras: Eurogroup deal opens way for growth, ensures Greece's place in eurozone

Samaras: Eurogroup deal opens way for growth, ensures Greece's place in eurozone

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The Eurogroup's decision in the early hours of Tuesday morning marked the end of a "very grey, very dark period for Greece," Prime Minister Antonis Samaras said in a televised address to the nation on Tuesday evening.

"It was a period that was dragging us back and threatening us directly as a country and a society. Greece has succeeded in regaining its credibility. It has also succeeded in turning a programme of endless austerity into a programme that dares to carry out reforms and leads to growth," he emphasised.

Samaras stressed that the decisions for Greece had laid the foundations for making the country's debt sustainable and for ensuring that Greece remained in the euro.

He particularly emphasised the fact that, out of the 34.5 billion euro in bailout loans for Greece that European countries had agreed to disburse in mid December, only 10 percent would be used to pay off interest and repay debts.

"The rest will stay in the country, in one way or the other," the premier noted, with seven billion going directly to the economy to cover this year's deficit and pay off state debts to the private sector. Similarly, he added, most of the nine billion to be disbursed over the next three months would go to the real economy.

SOURCE: ATHENS NEWS AGENCY

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