ND leader: terms of Memorandum must change

Main opposition New Democracy leader Antonis Samaras on Monday called for drastic changes to the terms of the Memorandum for the EU-IMF loans to Greece, saying that this would benefit not just Greece but also the Eurozone.

He said that developments made a change of policy imperative so that there could be economic recovery and growth.

Commenting on the results of the European Union summit, Samaras said that this would help bring some relief in the repayment of the 110-billion-euro loans to Greece. He pointed out, however, that adopting ND's proposals for encouraging growth would have much greater impact, as just one percent of GDP greater growth would reduce the percentage of debt three times faster.



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