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Greece optimistic about recovering from debt crisis January 14, 2011

Posted by Yilan in Human rights abuses, Yunanistan.
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Greek President Karolos Papoulias said Thursday that Greece would soon free itself from the current debt crisis. 

“I’m optimistic about the future of the country’s economy because I know the potential of the Greek people,” he said when meeting with choirs from different parts of the country that came to the Presidential Palace to sing the Christmas carols.

He said: “Christmas holidays are days of joy and hope. Let’s keep the hope, because we are able to overcome the difficulties in the days ahead.”

Meanwhile, Greek Prime Minister George Papandreou also expressed his confidence about economic recovery and criticized international ratings agencies for playing along speculators in creating on purpose a negative climate for Greek economy in the past year.

“We will not default. We will prove Cassandras wrong,” he said on early Thursday when addressing the Greek parliament before the parliament ratified the 2011 austerity state budget that aims to slash state expenses and put the Greek economy back on the path of growth.

While Greek leaders expressed their optimism, international credit rating agency Fitch warned five Greek banks with a further downgrade of their credit ratings to junk in the following year.

The agency also issued a similar warning for the Greek economy earlier this week.

 

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