Word: papaconstantinou
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Dates: during 2010-2019
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...measures," said Olli Rehn, European Commissioner for Economic and Monetary Affairs, perhaps airing a not illogical belief that Greece may try to avoid all the pain necessary to resolve the crisis it created. "We're trying to change the course of the Titanic," shot back Greek Finance Minister George Papaconstantinou. "Anyone else doing this would get applause. But they tell us, 'You're not doing enough. You won't be able to do it anyway...
...raise $75 billion to close its gaping fiscal shortfall, announced an ambitious three-year austerity plan to reduce the deficit to 2% of output by 2013. "Greece is playing by the euro zone's rules and it will put its house in order," Greek Finance Minister George Papaconstantinou tells TIME. "To borrow words from an ad: Watch this space...
...that Greece was on the brink of a default and would need a bailout from Brussels or the International Monetary Fund (IMF) - or even get booted out of the E.U. altogether. "If any other country was making the kinds of adjustments that we are, it would be applauded," says Papaconstantinou. "In our case, they are not sure we are actually doing it." (Read: "Why Greece Could Be the Next Dubai...