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Saturday, 15 May 2010 - Greece pledges corruption clean-up of politicians |
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    Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Whoops! Google says mistakenly got wireless data 14 May 2010 Exclusive: Waddell is mystery trader in market plunge 14 May 2010 Google says mistakenly got wireless data 5:18am EDT Fighting spreads in Thai capital | Video 11:18am EDT U.S., UK issue warnings on Bangkok 9:34am EDT UK airspace may close due to volcanic ash 8:57am EDT Obama pushes Wall Street reform with populism 6:05am EDT US bankruptcies resume upward path in 1st quarter 14 May 2010 Euro-zone troubles may keep stocks on edge | Video 14 May 2010 Euro at 18-month low on debt woes | Video 14 May 2010 Whoops! Google says mistakenly got wireless data 14 May 2010 Exclusive: Waddell is mystery trader in market plunge 14 May 2010 Fighting spreads in Thai capital | Video 11:18am EDT Google says mistakenly got wireless data 5:18am EDT US bankruptcies resume upward path in 1st quarter 14 May 2010 Exclusive: Waddell is mystery trader in market plunge 1:34am EDT U.S., UK issue warnings on Bangkok 9:34am EDT UK airspace may close due to volcanic ash 8:57am EDT Australian teenager finishes round-world solo sail | Video 11:43am EDT U.S. reverses stance on treaty to regulate arms trade 14 Oct 2009 China Is China to blame for U.S. woes? Have differences between the two global powers affected America's attitudes toward China? Take our poll and share your thoughts.  Full Article  Markets eye "window" for yuan reform Greece pledges corruption clean-up of politicians Angeliki Koutantou ATHENS Sat May 15, 2010 9:08am EDT Related News Summer gives Greek PM window to contain unrest Fri, May 14 2010 Greeks march against austerity Wed, May 12 2010 UPDATE 1-Greeks march against austerity, set new strike Wed, May 12 2010 Greeks set new strikes, economy firmly in recession Wed, May 12 2010 Crisis sparks backlash against Greek political graft Tue, May 11 2010 Sanitary workers protest outside Greece's General Accountants office against government austerity measures in central Athens March 10, 2010. Credit: Reuters/Yiorgos Karahalis ATHENS (Reuters) - The Greek government promised to clean up corruption among politicians to restore public trust, but does not want to trigger political instability as the country struggles with a debt crisis that has shaken the euro. World Greece has been rocked by a series of major protests against government measures to cut the country's bulging deficit. A key demand of the protesters has been a crackdown on corrupt politicians they blame for mismanaging the Greek economy. "What people want, and the government certainly shares that desire, is for there to be a clean-up both at the political and social level, so that relations between each other clear up and confidence is restored," government spokesman George Petalotis told a weekly newspaper published on Saturday. For decades Greeks have tolerated endemic petty corruption and political graft. But the current debt crisis has forced the government to introduce an austerity package in return for 110-billion euro ($140 billion) EU and IMF bailout. Investors are closely watching public reaction to the wage cuts and tax hikes, and whether the Socialist government will stand up to public pressure, or go soft on the painful reforms. Some 12,000 Communist Party supporters marched through central Athens on Saturday waving red flags and chanting slogans condemning the government. While much smaller than the 50,000-strong protest in which three people were killed a week ago, the peaceful march illustrated the strength of feeling among just one faction of the many opposed to the government reforms. "We ask for more justice and that the measures do not only burden wage-earners and pensioners. They should be the same for all," said one of the marchers, Elpida Tarantili, 32. Greek unions have called a 24-hour general strike on May 20. NO OPTION The depth of anger from a public unwilling to bear the brunt of the cutbacks while politicians and the wealthy appear to prosper, means the government simply must act, analysts say. "There is such a climate that there is no option for the government other than moving ahead with fighting tax evasion and cleaning up politics," Konstantinos Routzounis, head of Kappa Research pollster, told Reuters. For now, parliamentary investigative committees are looking into two corruption scandals dating from the previous conservative government; a land-swap deal that cost the state millions of euros, known as Vatopedi, and a bribes-for-contract affair involving German firm Siemens. The Justice Ministry also is promising to probe the income of top officials. "Certainly, there is the necessary political will and consent that the Siemens and Vatopedi cases that hurt our country's political life are cleared out," Petalotis said. "But in no case will we fall into the trap of penalizing the country's political life," he added. "In no case will we allow blood to be shed in the name of popularism and petty politics." The latest sign of government efforts to boost revenue was an attempt to shame high-earners by publishing the names of 68 top doctors found guilty of tax evasion. On Friday, the Finance Ministry said 178,000 wage earners misled authorities by under-reporting their income or failing to declare any last year. This meant the state lost valuable taxes on undeclared income of about 700 million euros. (Writing by Jon Hemming; Editing by Michael Roddy) World Comments See All Comments (1)  |  Post Comment May 15, 2010 10:32am EDT Yeah, right! Then start on American politicians. LOL! Plutocracy Report As Abusive       See All Comments (1)       Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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