9 October 2012, 20:53

Merkel supports Greece's reform course

Merkel supports Greece's reform course

German Chancellor Angela Merkel has supported the Greek government’s commitment to austerity cuts in exchange for bailout aid from the European Union and the International Monetary Fund.

Speaking after talks with Prime Minister Antonis Samaras in Athens on Tuesday, she said she was sure that Greece’s future was worth the effort.

Mrs. Merkel praised Greece for reducing its budget deficit, but said that reforms should be accelerated.

Her visit took place amid tight security and mass protests organized by trade unions. About 7,000 policemen were deployed in central Athens.

Protests in Greece as Angela Merkel visit Athens

Athens is gripped with protests against the visit of German leader Angela Merkel. The protesters threw stones and plastic bottles at the police. In response the police had to use tear gas to disperse the crowd. More than 100 people have been detained.

Merkel has come to Greece for talks with Greece Prime Minister Antonis Samaras. The two are discussing the measures for cutting Greece’s budget deficit in exchange for the bailout from the EU and the IMF.

Since 2010 Athens has been no longer capable to serve its 300 billion euro debt and has been financing its liabilities using the financial support of the EU and the IMF.

RIA, TASS

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