Last Update 20:58
Sunday, 20 October 2019

Greek austerity programme is 'non-negotiable': EU official

European Union official warns that austerity package deal made with Greece is 'non-negotiable', following possible amendments to deal by the new Greek government

AFP , Thursday 10 May 2012
Views: 807
Views: 807

The EU-IMF bailout and austerity programme agreed with Greece is non-negotiable; a senior EU official said Thursday as Greek politicians struggled to form a new government after elections.

The official indicated that eurozone finance ministers, the International Monetary Fund and the European Central Bank may accept to discuss minor adjustments to the multi-billion-euro agreement but the central commitments must remain in place.

"The large and small print of the memorandum of understanding is as they are and they have been negotiated," the official said on condition of anonymity.

A new Greek government may want to ask if there could be some changes to the deal and "if you have a different approach, I am sure the ministers will be willing to discuss as would be the IMF and the ECB," the official said.

"But this would be at the outer margins," the official added.

"I would not use the words that every comma is non-negotiable but the MOU as such is non-negotiable."

Greek voters on Sunday punished the country's leading conservative and socialist parties, which negotiated the austerity-for-bailout package, while handing big gains to radical left and far-right parties opposed to the deal.

Greek socialist leader Evangelos Venizelos was tasked Thursday by President Carolos Papoulias with forming a government after efforts by other parties failed in the wake of the inconclusive polls.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.