Sunday, January 29, 2012

Greece rejects Germany's call for eurozone to control its budget

Statement by Evangelos Venizelos in response to media reports about a 'proposal for the appointment of a special EU Commissioner in charge of the Greek state budget execution,'

In response to media reports about a 'proposal for the appointment of a special EU Commissioner in charge of the Greek state budget execution,' Deputy Prime Minister and Finance Minister of Greece, Evangelos Venizelos, made the following statement:

"The people of Greece is fully aware of the extent of assistance the country receives from its institutional partners in Europe. With their sacrifices, Greeks will fulfill their historical obligation to take Greece out of the deep fiscal, social and developmental crisis, and will take and implement tough, yet necessary, decisions.

On the other hand, our partners do know that European integration is based on the institutional parity of member states and the respect of their national identity and dignity. This fundamental principle fully applies for countries that go through periods of crisis and adjustment and are in need of their partners’ assistance for the benefit of the whole of Europe and the Euro Area in particular.

Anyone who puts a nation before the dilemma of 'economic assistance or national dignity' ignores some key historical lessons. I am certain that the political leaderships of all European nations -particularly bigger nations that bear increased responsibility for the course of Europe- are aware of how friends and partners, who have joined their historical destinies, raise questions.

The October 26 EU Summit conclusions provide a comprehensive provision about the monitoring mechanism for the implementation of the Greek program. This mechanism is completely securing the mutual interest of Greece and its partners for the timely and successful implementation of the program and the relevant commitments of our country. The very foundation of that mechanism after all is the implicit assumption that Greece itself has both the responsibility and the motive to make sure that the program will be implemented." Source