The Straits Times
Published on Sep 11, 2012

Enough 'merciless whipping' of Greece: President


ATHENS (AFP) - Greece has had enough 'merciless whipping' over its fiscal profligacy and the European Union should help out ailing euro zone nations, President Carolos Papoulias said on Tuesday.

"Until now we have sustained a merciless whipping. I think we have paid for our mistakes enough," Mr Papoulias said during a meeting with Canada's visiting Senate speaker Noel Kinsella.

"Europe must understand that it needs to help Greece. And not just Greece, but Spain, Portugal and Ireland, to overcome the economic crisis," the 83-year-old former wartime resistance fighter said.

After two years of austerity, Greece is again under pressure to adopt about 11.5 billion euros (S$18.2 billion) in new cuts in 2013-14 in order to secure continued loan funding from the EU, the IMF and the European Central Bank.