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PM Papandreou interview on BBC

(GREEK NEWS AGENDA) “Greece is not looking for an EU bailout but for political support from its European counterparts” said Prime Minister George Papandreou in an interview yesterday on BBC One, on the sidelines of his visit to London.
“Give us the time, give us the support – and I’m not talking about financial but political support – in order to show you that what we’re saying is being implemented and we are credible again,” stressed Papandreou, emphasizing on the fact that Greece needs to borrow at the same rate as other countries.
Meanwhile, speaking to “Der Spiegel,” Papandreou expressed confidence that Greece can achieve its target to reduce its budget deficit by implementing serious economic reforms.
BBC News: Greece ‘not looking for bailout,’ Papandreou tells BBC  

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PM George Papandreou in Moscow

(GREEK NEWS AGENDA) Prime Minister George Papandreou arrived in Moscow yesterday for a two-day working visit during which he will be holding meetings with President Dmitry Medvedev and Prime Minister Vladimir Putin to discuss economic, commercial, military and political issues.
Speaking to the Itar-Tass news agency, ahead of the visit, George Papandreou said that the level of Greek-Russian relations is excellent while he described relations between the European Union and Russia as having strategic importance.
In another interview with the Russian news agency RIA-Novosti, the premier stressed that Greece is expecting political support and not economic aid from the European Union.
 “Greece did not appeal for economic aid to the international community or to the European Union. Greece intends and is capable of solving its problems alone,” the prime minister said.
Referring to the Burgas-Alexandroupoli oil pipeline, Papandreou said that its construction can begin in six months.

EU backs up Greece

(GREEK NEWS AGENDA) The European Union yesterday, in a joint statement by the Heads of State or Government, agreed to take determined and coordinated action to safeguard financial stability in the euro area, and expressed full support for the efforts of the Greek government and their commitment to do whatever is necessary to get the country’s public finances in order.
European commission chief Jose Manuel Barroso said that the statement was intended to end speculation that Greece would require a bailout package, while adding that “the Greek government believe they do not need financial support.”
Addressing a press conference at the end of the informal summit in Brussels and referring to this agreement to assist Greece, Prime Minister George Papandreou said:

“our partners assessed and ascertained our will to change, we convinced them, following our great efforts, and it is necessary for us to continue. We will succeed.”
Greece is aiming to reduce its deficit by 4 % of GDP this year, largely through cuts in public spending and an increase in taxes. However, Papandreou said that he would not hesitate to adopt more measures if it becomes necessary.
Council of the European Union: Agreement to support Greece; Kathimerini daily: EU offers help but no specific money pledge

Economist Joseph Stiglitz to visit Athens

(GREEK NEWS AGENDA) Economist and Nobel laureate Joseph Stiglitz is invited to participate at an open debate, titled “Discussion and debate with Joseph Stiglitz: in or out of the economic crisis?,” organized by the Economist and Hazlis & Rivas conferences, on February 2. 
Prime Minister George Papandreou will inaugurate the conference with an opening address, focusing on the government’s effort to fulfil the twin aim of monetary restructuring and growth.
Ministers, the leader of the opposition New Democracy party, Antonis Samaras as well as representatives of business associations will also participate at the conference.
Meanwhile, Stiglitz has contributed an article (January 25) in the ‘Comment is Free’ section of The Guardian, under the title “A principled Europe would not leave Greece to bleed,” urging Europe to show support for the honesty and integrity of Greece’s government and its efforts not only to bring the budget under control, but to increase transparency of the entire budgetary framework and to reduce corruption.

New impetus for Greek-Turkish relations

(GREEK NEWS AGENDA) A new impetus for Greek-Turkish relations was given yesterday following a letter by Prime Minister George Papandreou addressed to his Turkish counterpart, responding to prior correspondence between the two leaders.

The Greek side proposes the launch of a series of talks on the issue of the continental shelf, within a specific time limit and the option for both sides to resort to the International Court of Justice in The Hague in case of a dead-end.
Papandreou deems the Turkish proposal of establishing a High-level Council of Cooperation important and invites Recep Tayyip Erdogan to pay an official visit to Greece, sometime before summer, in order to set a time framework.
Moreover, the Greek Premier highlights the need for de-escalating tension over the Aegean Sea and stresses that military activity in the area must be avoided since it jeopardizes security and fuels tension. Referring to the pressure exercised on bilateral relations due to immigration flows’ movement, Papandreou reiterates the necessity for Turkey to abide by the Greek-Turkish Readmission Protocol (2001).
The premier concludes by expressing Greece’s support for Turkey’s European perspective, provided that the latter honours its obligations towards the Greek minority in Turkey and the Ecumenical Patriarchate.
Ministry of Foreign Affairs: Greece-Turkey Bilateral Relations & Greek-Turkish Rapprochement
[Photo from Papandreou’s visit to Istanbul, Turkey, October, 2009]

Greece: Absorption of Structural Funds

(GREEK NEWS AGENDA)  Greece’s absorption of structural funds from 3rd Community Support Framework (CSF) in 2000-2006 stands at 91%, European Commissioner for regional policy Danuta Hubner announced on Wednesday.  The Commissioner clarified that Greece applied for payments reaching €20.9 billion of the €23 billion available. Presenting absorption figures for the 3rd CSF for all member-states, Hubner said that the Community average also stood at 91%. She expressed hope that the total available funds will have been absorbed by June 30, when the deadline for completing projects using Community funding expires. Greece’s absorption of money available in the structural funds and the EU Cohesion Fund comes to 88%, marginally above the EU average of 87%. Absorption of money exclusively derived from the Cohesion Fund by Greece is 61%, four percentage points below the EU average of 65%.  Ministry of Economy and Finance: Management Organisation Unit of CSF; Secretariat General of Information: About Brand Greece, CSF (2000-2006)