Government spokesman George Petalotis on Wednesday denied that the Memorandum had failed since the country had not defaulted on its debts in 2010 and the deficit was 5 percent lower.
"The only guarantee for the country's future is the work we are doing," he told reporters.

Asked to comment on the harsh criticism of the government from its own MPs during Tuesday's PASOK Parliamentary working sector for the economy meeting, the spokesman noted that aside from a few 'spicy' comments that made it onto news reports, the majority of PASOK MPs had displayed "responsibility and seriousness".