As a result of the crisis in Greece, on Thursday there had been a replacement of Spyros Papanicolaou. Petros Christodoulo, known as the former head of asset management at the National Bank of Greece, is the successor and will take up the position immediately.
The announcement came just before Greece was due to report Brussels, although EU officials said that the letter had not yet been received in Brussels.
However EU nations repress Greece, to take its finances under control. By March 16, Greece has to show signs of fiscal improvement. If not, they have to impose even tougher budget cuts. So their plan is to decrease its financing deficit (about 12,7%) to 8,7% this year. The Government has planned some measures (for example higher tax on petrol).
The Greek Prime Minister, George Papandreou has had a meeting of socialist leaders in London yesterday. There he said that they won’t use bailouts, but they will follow their program and for that they will need support.
Joaquin Almunia, the EU Competition Commissioner, said that Greece must take action to fix its public financial crisis. However support of other countries won’t help, most of the problems can only be solved by Greece.
After I read the article, I agree with the replacement, Petros Christodoulo has a lot of experience of financial problems (he works at the National Bank). I don’t agree with the opinion of Joaquin Almunia, Greece will need help from other countries. They can only solve their basic problems themselves, but for the total crisis they will need help.
I share your opinion. Replacing Papanicolaou is a good decision. Christodoulo is more skilled. Now he can clean up the mess from his predecessor.
BeantwoordenVerwijderenI also agree that Greece needs help. They are unable to solve their own problems. Greece is a member of the European Union, we are in this together, so we need to help Greece.
I also think it's a good idea that Petros Chistodoulo succeeds Spyros Papaicolaou. Chistodoulo has a lot of experience. In periods of crisis a replacement can be very important. Greece has to take some measures to solve their problems, but the support of other countries will be necessary!
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