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8bn euros sixth tranche of bailout loan is secured

Greek finance minister and government vice president Evangelos Venizelos said that the 8 billion euros sixth tranche of the EU-IMF bailout loan to Greece is secured, given that the Greek government is taking such tough decisions and the Greek people are shouldering such great burdens, in an interview appearing in a Sunday newspaper. Venizelos, in an interview with "To Vima" newspaper, Venizelos said it is necessary to send a clear message abroad that Greece can and wants to exit the crisis. Acknowledging that the measures being taken by the Greek government, in agreement with the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) troika, are many and tough, he made it clear, however, that from the moment that the government is taking such tough decisions and the Greek people are shouldering such great responsibilities, the sixth tranche is secured. He added that he is prepared to put up with humiliation and accept the obvious political cost, provided that the country is saved. "Personally, it is my obligation to accept humiliation, if it benefits the country. What is important is that my country is not humiliated," Venizelos said,
Sunday, October 2, 2011