GREECE: FURTHER 'SACRIFICES' REQUIRED.

Fisheries Commissioner Maria Damanaki (Greece) said, on 5 January, that the Greeks would have to make additional sacrifices, including private sector pay cuts, if they hoped to remain in the eurozone. If the debt-wracked country is to remain anchored to the common currency, "we will have to make a huge effort; nothing comes without a cost," said Damanaki after a meeting with Prime Minister Lucas Papademos. "The prime minister reiterated to me that remaining in the euro is a national choice for Greece. That means there will be difficulties, unpleasant decisions and sacrifices," she added, the day after Papademos urged unions and employers to agree on wage cuts.

Damanaki also pushed for such pay cuts...