http://www.ft.com/cms/s/0/195e31f8-e910-11e0-ac9c-00144feab49a.html?ftcamp=rss

September 27, 2011 3:53 pm
Papandreou calls for German tolerance

By Quentin Peel in Berlin

George Papandreou, the Greek prime minister, has called on German
industrialists to stop sniping at
Greece<http://www.ft.com/cms/s/0/06a621d2-debc-11e0-a228-00144feabdc0.html>and
recognise the “superhuman effort” being made by his country to impose
drastic austerity measures <http://www.ft.com/greece> in a deepening
recession.

Against a background of growing speculation in financial markets that his
government may be forced to default on its
borrowing<http://www.ft.com/cms/s/3/fd3ab63e-e501-11e0-9aa8-00144feabdc0.html>,
in spite of rescue efforts of its eurozone partners, he said: “I can
guarantee that Greece will live up to all its commitments.”

“The persistent criticisms levelled against Greece are deeply frustrating,
not only at the political level, where a superhuman effort is being made to
meet stringent targets in a deepening recession, but frustrating also for
the Greeks, who are making these painful sacrifices and difficult changes.”

Mr Papandreou sought to answer some of the key criticisms of the German
business community, such as widespread corruption, insisting that “total
transparency and accountable governance are our priorities”.

*“We are not a poor country. We were a mismanaged country*,” he said.

*“Every single euro spent by the government is now published online for
every citizen to see.”*
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