Greece’s Prime Minister, Antonis Samaras, vowed Saturday that his country will never leave the Eurozone.
“What we’re living through now is a Greek recovery,” Samaras said at an economic conference organized by German daily Sueddeutsche Zeitung in Berlin. “So, I think ‘Grexit’ is an obsolete word I never want to hear again.”
“It will never happen,” he stressed before promising that his country will not need a third fiscal aid programme from its Eurozone peers. By meeting the goal of a primary budget surplus this year, Greece will be eligible to additional help under the current program, he argued.
“The existing programme stipulates that if Greece were to reach a primary surplus … the Eurogroup will then look at ways of dealing with helping the Greek debt problem,” the prime minister explained.
“So, I think this is enough,” he reckoned. “We don’t need something else. We don’t need another programme. We just have to stick by this programme.”
Samaras praised his country for having undertaken “a spectacular comeback” nobody believed was possible.
“The recession is over, the recovery is about to begin,” he reckoned. “It might be a weak recovery indeed but it is still a recovery.”
Samaras, conceded that his government still had a lot of ground to cover but ruled out the need for a third loan agreement with international creditors. “Many regarded Greece as a lost case,” Samaras told the same conference. “Now more and more people are referring to a spectacular comeback.”
“We have not put on the automatic pilot,” he said.
He conceded that the latest round of negotiations with the troika has been difficult but said his government’s aim was to reach a deal by the end of the year “so that we can move very quickly to the next stage.”
Asked at the conference in Berlin whether his government had the political capital to stay in power, Samaras said the coalition between conservative New Democracy and socialist PASOK was “stable” and “united in pursuing Greece’s European course.”