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Merkel acknowledges Germans’ frustration with Greece bailout

December 2, 2012

BERLIN - Chancellor Angela Merkel said she understands the frustration felt by many Germans over the repeated bailout programs for debt-ridden Greece, but insisted they are in her country's self-interest because they help stabilize the eurozone as a whole.

Merkel's comments came a day after Germany's parliament voted in favor of granting Greece more lenient terms on its bailout program, clearing a necessary hurdle for disbursing a 44 billion ($57 billion) rescue loan payment in December.

"I obviously feel many citizens' skepticism, and partly understand it, because Greece has often disappointed its partners in the past," Merkel told Sunday tabloid Bild am Sonntag in an interview released Saturday. "A lot of what the Greek leadership has promised wasn't lived up to."

Article Photos

In this Friday file picture German Chancellor Angela Merkel casts her vote at the German federal parliament, Bundestag, in Berlin, Germany. The German Parliament has given its overwhelming backing to a deal aimed at trimming Greece's debt load and keeping the country financially afloat. Germany's chancellor says in an interview published Saturday she understands the frustration felt by many Germans over the repeated bailout programs for Greece.

The new Greek government, however, "finally" shows the necessary resolve "to change the country, to create modern structures," she said.

A German poll published Friday showed that 46 percent of 1,300 people polled favored letting Greece go bankrupt, only 43 percent thought Greece should receive further rescue loans. A total of 69 percent of those surveyed for public broadcaster ZDF thought that Greece itself hasn't done enough to overcome the crisis. The ZDF poll's margin of error was 3 percent.

Overly indebted Greece, which is about to enter its sixth consecutive year of a deep recession that has pushed unemployment up to 25 percent, is being kept afloat with rescue loans from its European partners and the International Monetary Fund in return for implementing harsh budget cuts and structural reforms.



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