Bloomberg News

Venizelos Says Greek Austerity Bill Must be Approved in Entirety

October 20, 2011

Oct. 20 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos told lawmakers in Athens today that the government’s austerity bill must be approved in its entirety for the government to be able to negotiate with its European Union partners.

If the bill and all its articles aren’t approved then Greece has no reason to go to a meeting of Euro area finance ministers tomorrow or to the EU summit on Oct. 23, Venizelos said in statements carried live on state-run Vouli TV.

“We must tell Greeks the truth,” he said. “There are no miracles. The country won’t be saved by some miracle. The miracle will be the result of hard work.”

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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