Financial Times
November 23, 2011
Antonis Samaras, leader of Greek conservatives, on Wednesday sent a letter to Greece’s international lenders backing a new bail-out programme, but it was unclear whether his pledge would be enough to persuade the EU to release a much needed €8bn aid payment for Athens.
European leaders have refused to pay-out the money until Mr Samaras commits in writing to further austerity under a €130bn rescue package. They are hoping to cement cross-party support in Greece for the deal.
Mr Samaras’s resistance to signing a document alongside George Papandreou, the socialist leader and former premier, has tested the patience of European policymakers to to the limit.
Mr Samaras hopes Wednesday’s missive will satisfy its four recipients: José Manuel Barroso, commission president; Jean Claude Juncker, eurogroup chairman; Mario Draghi, European Central Bank president and Christine Lagarde, managing director of the International Monetary Fund.
But he repeated his insistence that more needed to be done to support growth.
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