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10 An ‘all-encompassing plan’ to solve the crisis in the Eurozone? In the Eurozone, the more economically stable nations had begun efforts to develop a holistic and ‘all-encompassing plan’. At a meeting held on 17 January 2011, they examined a series of initiatives such as increasing EFSF funds, bringing forward the establishment of a permanent stability mechanism, reforming the Stability Pact and instituting common economic governance. Negotiations, however, did not produce any results. The European Council summit held at the beginning of February 2011 made
of the IMF was unfortunate. ‘The IMF made fun of the Stability Pact’, he argued. Greece.indb 295 3/13/2014 1:56:52 PM 296 Part V: Elections of 6 May and 17 June 2012 27 28 29 30 31 Financial Times, 7 June 2013. Ibid., p. 12. P. Welter, ‘Politische IWF Kredite’, FAZ, 7 June 2013, p. 11. Le Monde, 7 June 2013, p. 6. IMF, transcript of a conference call on Greece Article IV Consultation, with IWF Mission Chief Paul Thomsen, Washington, DC, 5 June 2013. 32 Kathimerini, 9 June 2013, p. 6. 33 Pisani-Ferry et al., EU–IMF Assistance to Euro-Area Countries, pp
wanted to handle the various matters without the restrictions deriving from the Stability Pact and super vision of the country. The advances made to the IMF at the end of 2009, and the talks with the US Treasury, indicate its desire to determine a path without European directives. But even later, in the first months of 2010, when help from Europe proved inevitable, it did not adjust its policy to the situation but followed a tactic of bilateral contacts, in which France played a central role, thereby downgrading Greece’s relations with other countries. Differentiating
, truth and sincere dialogue with the electorate. In the same vein as the New Democracy administrations, once in power, the leadership of PASOK did not want to acknowledge the meaning of Greece’s participation in the EMU, the Stability Pact, the restriction of deficits and debt imposed by the Treaties, globalisation and broader economic constraints. The PASOK administration believed that, in a club of developed states, everything could be settled amicably and without pressure. Economic and social matters played second fiddle to political and public relations activity