German Press on Merkel’s Athens Visit

    merkel-angelaThe visit of the German Chancellor to Greece and the issue of a Greek bond have been extensively analyzed by the German press. Most economists mention that the return of Greece to the international market was successful and that Merkel has visited Greece to support the reform work of the Greek government.

    The newspaper Die Welt stated that Greece is again creditworthy and moving towards independence from its foreign creditors. The newspaper also mentioned the satisfaction of the European Commissioner Siim Kallas and IMF Managing Director Christine Lagarde at the country’s progress.

    Frankfurter Allgemeine Zeitung listed reasons why Greece can still hope for economic growth: its successful return to the international bond market; positive signs at the Greek banks; the new multi-bill and the reforms voted by the Greek Parliament; the relaunching of public projects; signs of developments in the private sector, especially in tourism, and finally the positive forecasts by IMF, which anticipates economic growth rate of 2.9 % in Greece in 2015.

    Merkel’s arrival in Athens has caused major transportation problems as several metro station and roads in Athens’ centre will remain closed. Merkel and the Greek Prime Minister Antonis Samaras will meet at the Maximos Mansion at 5.30 p.m. before holding a joint press conference at 6.30 p.m. The German Chancellor will leave Athens at around 8 p.m.