Bloomberg News

Samaras Says Return to Drachma Would Be Catastrophic, Bild Says

May 05, 2012

Antonis Samaras, the head of Greece’s New Democracy party, said a return to the drachma would have “catastrophic consequences” for the Hellenic Republic and the euro-area as a whole, Bild Zeitung reported.

Samaras, favored to become Greece’s next prime minister after May 6 elections, said his country will repay bailout loans and adhere to the principles and goals of the political programs agreed as part of the rescue deal, the German newspaper cited the leader as saying.

To contact the reporter on this story: Angela Cullen in Frankfurt at acullen8@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net


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