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Economy
In reply to the discussion: Weekend Economists Sit on a Wall August 23-25, 2013 [View all]xchrom
(108,903 posts)66. Greece must press on with reforms despite pain - ECB's Asmussen
http://uk.reuters.com/article/2013/08/24/uk-greece-ecb-idUKBRE97N09U20130824
(Reuters) - Greece can achieve a primary budget surplus this year and growth in 2014 if it sticks to economic reforms, but a return to bond markets will be challenging, European Central Bank Executive Board member Joerg Asmussen told Sunday's To Vima newspaper.
Asmussen was in Athens this week to meet senior government officials and take stock of the economy. His visit was overshadowed by speculation of a new bailout for Greece after comments by German Finance Minister Wolfgang Schaueble.
"Having a low but positive rate of growth next year is achievable, but there must be persistence with reforms," Asmussen told the paper in an interview.
"I understand the difficult political situation and the small parliamentary majority, but what has been achieved with such political pain up to now must not be demolished. What's the credible alternative solution?" he was quoted as saying.
***i'd like to se mr asmussen up with a certain dominatrix friend of mine.
she'd hurt him long and hard ---- and then make him $pay for it.
(Reuters) - Greece can achieve a primary budget surplus this year and growth in 2014 if it sticks to economic reforms, but a return to bond markets will be challenging, European Central Bank Executive Board member Joerg Asmussen told Sunday's To Vima newspaper.
Asmussen was in Athens this week to meet senior government officials and take stock of the economy. His visit was overshadowed by speculation of a new bailout for Greece after comments by German Finance Minister Wolfgang Schaueble.
"Having a low but positive rate of growth next year is achievable, but there must be persistence with reforms," Asmussen told the paper in an interview.
"I understand the difficult political situation and the small parliamentary majority, but what has been achieved with such political pain up to now must not be demolished. What's the credible alternative solution?" he was quoted as saying.
***i'd like to se mr asmussen up with a certain dominatrix friend of mine.
she'd hurt him long and hard ---- and then make him $pay for it.
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