Saturday, October 29, 2011

Most Greeks negative on EU summit deal, poll says

October 29, 2011

Most Greeks have responded negatively toward an EU agreement which slashed the country's debt because they believe it harms their national sovereignty, according to a poll Saturday.

The survey published by newspaper To Vima and conducted immediately after Thursday's summit agreement on a new 130 billion euro bailout package for debt-stricken Greece, showed that nearly 60 percent of Greeks viewed the deal as negative or probably negative.

The package involves banks, pension funds and insurers -- which hold more than 200 billion euros of Greek debt -- accepting a 50 percent writedown to make Greece's colossal debt mountain more sustainable.

Greece's total debt of more than 350 billion euros is predicted to top 160 percent of gross domestic product (GDP) this year.

Around half of those surveyed said the agreement signed in Brussels was a blow to Greece's sovereignty, handing more control over economic affairs to the European Union and the International Monetary Fund.

Only 36 percent of the 1,009 people questioned in the telephone poll said the package was positive or probably positive for Greece.


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