Bloomberg News

Greece Must Examine Troika Terms for Aid Deal, Laos Leader Says

February 04, 2012

Feb. 4 (Bloomberg) -- Greece must carefully examine the terms being demanded by international creditors for a second financing package before agreeing to it, said George Karatzaferis, leader of the Laos party.

“I won’t accept ultimatums, of ‘you accept it, or you don’t get the money,’” Karatzaferis said in Thessaloniki today, according to an e-mailed transcript of his speech. “I will examine every detail and footnote. If we don’t agree with something and the Troika insists, we won’t take the package.”

Karatzaferis, whose party is one of three backing Prime Minister Lucas Papademos’s interim government, said a meeting of political party leaders scheduled for Sunday, Feb. 5, isn’t just about deciding on a debt swap or a 130 billion-euro ($171 billion) financing package. “That’s a shallow reading,” he said.

Officials from the European Commission, European Central Bank and International Monetary Fund make up the so-called Troika.

--With assistance from Marcus Bensasson in Athens. Editor: Dick Schumacher

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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