Greece's New Deficit Reduction Program Is ALREADY Off Target

antonis samaras greece

Photo: AP/Petros Giannakouris

ATHENS, Greece (AP) — Greece’s Prime Minister Antonis Samaras says his new three-party coalition government is ready to carry out a broad series of structural reforms, and acknowledges the country’s deficit reduction program has gone off target.Samaras told Parliament Friday that the government will focus on selling state assets, such as the country’s railway company, and liberalizing the energy market.

Greece has been lagging in reforms demanded by its international creditors in return for billions of euros (dollars) in rescue loans.

In presenting his government’s policy platform, Samaras also said foreign officials must “stop undermining Greek efforts” with comments about the country potentially leaving Europe’s joint currency.

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