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Greek election is euro versus drachma, Samaras says | Greek election is euro versus drachma, Samaras says |
(40 minutes later) | |
Sunday's Greek election is a choice between staying in the euro and going back to the drachma, the leader of the centre-right New Democracy party has told a final campaign rally in Athens. | Sunday's Greek election is a choice between staying in the euro and going back to the drachma, the leader of the centre-right New Democracy party has told a final campaign rally in Athens. |
The general election, the second in six weeks, is seen as crucial to Greece's future in the eurozone. | The general election, the second in six weeks, is seen as crucial to Greece's future in the eurozone. |
New Democracy broadly accepts the EU/IMF bailout of debt-laden Greece but wants changes to the terms. | New Democracy broadly accepts the EU/IMF bailout of debt-laden Greece but wants changes to the terms. |
Main opponents Syriza reject the terms of the bailout but back the euro. | Main opponents Syriza reject the terms of the bailout but back the euro. |
Syriza surged into second place on 6 May, in an election that produced an inconclusive result, with no party or coalition able to form a government. | Syriza surged into second place on 6 May, in an election that produced an inconclusive result, with no party or coalition able to form a government. |
Unofficial opinion polls suggest a fall in support for anti-bailout parties. | Unofficial opinion polls suggest a fall in support for anti-bailout parties. |
Under Greek election law, official opinion polls are banned in the two weeks before the election. | Under Greek election law, official opinion polls are banned in the two weeks before the election. |
Tough austerity measures were attached to the two international bailouts awarded to Greece, an initial package worth 110bn euros (£89bn; $138bn) in 2010, then a follow-up last year worth 130bn euros. | Tough austerity measures were attached to the two international bailouts awarded to Greece, an initial package worth 110bn euros (£89bn; $138bn) in 2010, then a follow-up last year worth 130bn euros. |
While five of the seven main political groups reject the last bailout, only one - the Communists - wants the country to abandon the euro. | While five of the seven main political groups reject the last bailout, only one - the Communists - wants the country to abandon the euro. |
Germany, which has the eurozone's most powerful economy, insists Greece, like other member-states which have received international bailouts, must abide by the austerity conditions. | Germany, which has the eurozone's most powerful economy, insists Greece, like other member-states which have received international bailouts, must abide by the austerity conditions. |
German Bundesbank (central bank) chief Jens Weidmann repeated the warning on Friday, adding that the eurozone could not allow any country to "blackmail" it with the threat of financial contagion. | German Bundesbank (central bank) chief Jens Weidmann repeated the warning on Friday, adding that the eurozone could not allow any country to "blackmail" it with the threat of financial contagion. |
Spanish example | Spanish example |
Mr Samaras told his supporters on Friday that Greece would exit its financial crisis but not the euro. | Mr Samaras told his supporters on Friday that Greece would exit its financial crisis but not the euro. |
"The first choice the Greek people must make is: euro versus drachma," he told the rally in front of parliament in Syntagma Square. | "The first choice the Greek people must make is: euro versus drachma," he told the rally in front of parliament in Syntagma Square. |
Mr Samaras has accused other parties of "playing poker" with Greece. | Mr Samaras has accused other parties of "playing poker" with Greece. |
At Syriza's final rally on Thursday, leader Alexis Tsipras renewed his pledge to tear up the bailout conditions, which involve drastic spending cuts, tax rises, and labour market and pension reforms. | At Syriza's final rally on Thursday, leader Alexis Tsipras renewed his pledge to tear up the bailout conditions, which involve drastic spending cuts, tax rises, and labour market and pension reforms. |
"The memorandum of bankruptcy will belong to the past on Monday," he told supporters in Omonoia Square. | "The memorandum of bankruptcy will belong to the past on Monday," he told supporters in Omonoia Square. |
"Brussels expect us, we are coming on Monday to negotiate over people's rights, to cancel the bailout." | "Brussels expect us, we are coming on Monday to negotiate over people's rights, to cancel the bailout." |
Pointing to the huge bank loan package deal between the EU and Spain on Sunday, he argued that a bailout was possible without the kind of drastic cuts demanded of Greece. | Pointing to the huge bank loan package deal between the EU and Spain on Sunday, he argued that a bailout was possible without the kind of drastic cuts demanded of Greece. |
"Spain negotiated and succeeded in taking financial support without a fiscal consolidation package, despite the lenders' threats and blackmail," Mr Tsipras said. | "Spain negotiated and succeeded in taking financial support without a fiscal consolidation package, despite the lenders' threats and blackmail," Mr Tsipras said. |
Interviewed by Spanish daily El Pais, Jens Weidmann called for the eurozone to impose broad conditions on Spain over its loan package, worth up to 100bn euros. | Interviewed by Spanish daily El Pais, Jens Weidmann called for the eurozone to impose broad conditions on Spain over its loan package, worth up to 100bn euros. |
He warned that Greece, but also the Irish Republic and Portugal, had been given the impression that this was a "rescue with no conditionality outside the financial system" and this was "already eroding the commitment to the terms of the existing programmes". | He warned that Greece, but also the Irish Republic and Portugal, had been given the impression that this was a "rescue with no conditionality outside the financial system" and this was "already eroding the commitment to the terms of the existing programmes". |
"But foot-dragging on addressing the structural problems will perpetuate the crisis, and the market reaction reflects this concern," Germany's top banker said. | "But foot-dragging on addressing the structural problems will perpetuate the crisis, and the market reaction reflects this concern," Germany's top banker said. |
Are you in Greece? Will you be voting in the election? If you are willing to be interviewed on the BBC please fill in the form below. | Are you in Greece? Will you be voting in the election? If you are willing to be interviewed on the BBC please fill in the form below. |
Send your pictures and videos to yourpics@bbc.co.uk or text them to 61124 (UK) or +44 7624 800 100 (International). If you have a large file you can upload here. | Send your pictures and videos to yourpics@bbc.co.uk or text them to 61124 (UK) or +44 7624 800 100 (International). If you have a large file you can upload here. |
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