Greek premier calls for quick release of next bailout

On Thursday, Greek Prime Minister Antonis Samaras told reporters, “Every day that there is no firm decision ends up burdening the economy, the psychology, the markets and affects the pride of the Greek people.”

“I will not allow the sacrifices of the Greek people to go to waste. Of this, you can be certain.”

A decision on the financial aid for Greece has been postponed until November 26 amid disagreement on the long-term measures to fix the country’s heavy debt and other economic problems. The bailout of over 31 billion euros (about $40 billion) had been initially scheduled to be paid out in June 2012.

Meanwhile, Greek Finance Minister Yannis Stournaras said that Greece will be “in big trouble” if the EU fails on November 26 to reach an agreement and that the country could only last “very, very, very little” time without the financial aid.

“You can imagine… how markets will react worldwide. You can imagine how the public opinion in Greece will react after so many years of austerity, that the Europeans cannot deliver what they have promised to deliver,” Stournaras stated.

Greece has been in a recession for the past five years.

One in every four Greek workers is currently unemployed, banks are in a shaky position, and pensions and salaries have been slashed by up to 40 percent.

The country has been surviving on bailout loans from its international creditors since May 2010.

MR/HSN

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