One of three leaders in a new Greek coalition refused to sign an oath that he will approve austerity measures, creating a new obstacle for Greece’s bailout deal, according to reports Saturday.
Antonis Samaras, leader of Greece’s top conservative party, New Democracy, said there is no need for him to offer a written declaration because he can be trusted, according to reports.
Samaras’s refusal to sign the pledge potentially puts at risk the next tranche of aid set for Greece, valued at 8 billion euros, or $11 billion, that the country needs to meet debt repayment requirements, according to reports
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His comments come after lenders have called for written commitments to offset their fears that Greek politicians may backpedal on commitments during the period before the country’s February elections, the reports said.
New Democracy is one of three parties in a Greek national unity coalition that are seeking to work together to avoid a sovereign-debt default.
Officials from the European Commission, the International Monetary Fund and the European Central Bank on Saturday talked with Samaras on Saturday in Athens about the pledge, reports said.
According to the Athens News Agency, Samaras said he has already taken five actions that show New Democracy’s commitment to deal. According to reports, Samaras said those actions, include his support for Greece’s 2012 budget, are adequate.
In addition to New Democracy, the Greek coalition is made up of the Socialists and the small LAOS party
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