Samaras meets Trichet in Frankfurt

Main opposition New Democracy (ND) leader Antonis Samaras held talks here on Wednesday with European Central Bank (ECB) President Jean-Claude Trichet focusing on efforts for Greece’s exit from the economic crisis.

According to reports, Samaras referred to all issues regarding current talks in the European Union on the debt crisis. As regards Greece, the ND leader spoke of the extension of the repayment period for the debt of an IMF-EU 110 billion euros and the decrease in its interest rate.

Samaras underlined to Trichet that his proposals would relieve Greek economy, but that a permanent solution would be comimg from the issuing of a eurobond and, mainly, from measures for the recovery of the Greek economy.

The ND leader also underlined to the ECB president that a vicious circle of recession has been established, which limits the effectiveness of adjustment measures as well as the vicious circle of overindebting which creates persisting deficits, as the debt increases.

“These are the Memorandum’s impasses which must be broken through a different mixture of economic policy,” Samaras noted.