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Eight out of ten Greeks reject euro exit: poll
Last Updated(Beijing Time):2012-01-01 02:55

Eight out of ten Greeks reject a possible Greek exit from the euro zone according to an opinion poll published on Saturday, as the Bank of Greece Governor Yorgos Provopoulos warned that such an outcome would "urvavel hell" in the debt-ridden country.

A 77.2 percent of respondents in a survey conducted for Greek daily To Vima expressed strong support for Greece's commitment to the European common currency. They regard euro as a vital tool in efforts to counter the debt crisis that threatens the country with bankruptcy since 2009 and euro zone with major repercussions.

As scenarios of a possible Greek exit from the euro zone persist, 16 percent of Greek citizens, on the other hand, opted for a return to drachma as an alternative solution to deal with the crisis.

Provopoulos rejected the idea in an interview with another Greek newspaper warning that if recession-hit Greece will quit the euro, Greek peoples will suffer tremendous consequences, such as fuel and food shortage.

A return to the drachma would unravel hell, he said, explaining that the currency would be devalued by up to 70 percent.

According to the poll, some six out of ten respondents expressed confidence in efforts led by interim Prime Minister Lucas Papademos to address the crisis. But they requested a tougher stance from the technocrat economist and the three parties backing the transitional government in negotiations with international creditors on the terms of releasing further aid to Athens.

Since May 2010 Greece relies on multi-billion euro bailout loans granted by European Union counterparts and the International Monetary Fund to stave off default and return to growth.

The administration of Papademos which took office in early November is tasked to complete talks over a swap of a part of the Greek debt with private sector holders of Greek bonds in early 2012, before leading the country to early general elections.

The 56.2 percent of Greeks support the conduction of elections in coming April, since the initial date of February 19 agreed by all parties last month has become unlikely over the past few days due to delays in negotiations. A 37.7 of respondents opt for holding elections later.

If ballots were set up this weekend, conservative New Democracy party would win 21.4 percent of votes against 12.6 percent for the socialist PASOK party of former Premier George Papandreou in a record low for both political forces.

The rightist Popular Orthodox Rally (LAOS) party supporting the interim coalition, would secure a 5.3 percent of votes, while the Greek Communist Party would lead the opposition with 9.3 percent.

The major winner of the electoral battle though by 30 percent would be absention, since many Greek voters are angry and disappointed with all political parties for the handling of the crisis.

Source:Xinhua 
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