Greek Leader Says No More Austerity

Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).

Greek Prime Minster Antonis Samaras has placed his country and the European Union on notice that austerity measures have ended in Greece.

The proclamation comes as Greece’s international creditors extended an audit of the nation’s finances and crisis reforms.

“There will be no more austerity measures,” Samaras told his party’s political party during a televised speech. “As soon as growth sets in, relief measures will slowly begin.”

The EU and International Monetary Fund has given $314 billion in rescue loans to Greece since 2010. The next scheduled distribution of the funds to the country is scheduled for the end of March. There is no word yet as to whether the funds would be withheld after the prime minister’s declaration.

Greece is required under bailout conditions to cut public sector employees by 25,000 before the end of the year and 150,000 by 2015. The PM did not comment on whether or not he would make the promised cuts.

Leave a Reply

To have your avatar appear when commenting, please signup for the Gravatar service. Your email address will not be published.

 characters available

To have your avatar appear when commenting, please signup for the Gravatar service.