This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Greek PM Optimistic About Country's Progress

By GEIR MOULSON

BERLIN (AP) â¿¿ Greece's prime minister stressed his country was determined to win back credibility in Europe, and was delivering on the reforms and austerity needed to achieve that goal, as he met Tuesday with German Chancellor Angela Merkel.

Antonis Samaras' visit to Berlin was his second since taking office last summer.

"I would like to make clear up front that our country is undertaking great efforts that are linked with great sacrifices to get things back on track," Samaras said during a brief appearance alongside Merkel before they met at the chancellery. "We are trying to win back credibility, on the part of the people of Europe and on the part of the markets."

Greece has been kept afloat since May 2010 by rescue loans from the other 16 European Union countries that use the euro and the International Monetary Fund. In return for the loans, the lenders â¿¿ Merkel's Germany in particular â¿¿ have insisted on a series of economic reforms, tax raises and spending cuts.

Merkel said she would "of course be interested in what progress the implementation of the Greek reform program is making," but didn't offer any assessment.

The two leaders took no questions. The German government said after the talks that they discussed progress on tax reforms and other plans, and that Samaras set out Greece's efforts to combat tax evasion. They also discussed possibilities for further German-Greek cooperation, the government said without elaborating.

In remarks to reporters earlier Tuesday before he attended a closed-doors conference, Samaras said he considers "the glass half full" and was in Berlin with a message of optimism.

"We are delivering and Europe is helping," he said.

Ahead of the meeting, Merkel stressed the need for greater economic integration across Europe. EU nations are, among other things, setting up a banking union to better oversee their financial sector, but have yet to agree on key details.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs