juncker urges eu to face up to serious greek troubles
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Juncker urges EU to face up to 'serious' Greek troubles

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Juncker urges EU to face up to 'serious' Greek troubles

European Commission President Jean-Claude Juncker
Berlin - AFP

European Commission head Jean-Claude Juncker called Saturday on the European Union to recognise the gravity of the situation in Greece -- both for the country's impoverished citizens and for the wider risks to the eurozone.
"We must be sure that the situation does not continue to deteriorate in Greece. What worries me is that not everyone in the European Union has understood how serious the situation in Greece is," Juncker told German paper Die Welt in an interview published Saturday.
He did not specify whom his comments were aimed at, but they appeared two days after the European Central Bank took a tough stance on extending more financial help to Greece.
Juncker noted in his comments that a quarter of Greeks are not covered by social security, unemployment is the highest in the eurozone and the country sees regular protests.
Although Greece's debt problems are far from being resolved, Juncker repeated previous assertions that Athens should not leave the eurozone, noting this would amount to an "irreparable loss of reputation" for the single currency.
However, the European Commission president also advised Greece to stick to reforms agreed upon with its creditors.
"If the government wants to spend more money, it must compensate with savings or supplemental income," he added.
After July, when Greek bonds held by the European Central Bank come due, there needs to be "reflecting about the ways international creditors must behave toward countries that find themselves in a critical economic situation," Juncker said.
"It is not acceptable that a prime minister must negotiate reforms with civil servants. One is an elected official, the others are not," he added.
Juncker did not directly mention the meeting of eurozone finance ministers set for Monday in Brussels nor the date of his next meeting with Greek Premier Alexis Tsipras.
Tsipras called for the meeting just after a speech Thursday from ECB President Mario Draghi, which stated that all supplemental help to Greece would be conditional on the rapid completion of reforms promised by Athens.
The ECB "is still holding the rope which we have around our necks," said Tsipras, according to excerpts of an interview with German magazine Der Spiegel.
The remark came after Athens received no help from the Frankfurt-based institution to address a cash squeeze caused by the non-delivery of promised loans.
Athens is scrambling to find cash to address a daunting repayment schedule, with over six billion euros ($6.8 billion) falling due this month.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

juncker urges eu to face up to serious greek troubles juncker urges eu to face up to serious greek troubles

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

juncker urges eu to face up to serious greek troubles juncker urges eu to face up to serious greek troubles

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 09:22 2016 Thursday ,29 September

Slain Jordanian writer buried amid tight security

GMT 08:02 2017 Thursday ,09 November

The Bentley Continental GT Speed

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 10:35 2011 Wednesday ,14 September

Makkah signs contracts worth SR 15 million for E-Archiving

GMT 01:05 2011 Saturday ,27 August

Pandora Media revenue jumps

GMT 12:49 2018 Thursday ,11 January

Macron urges European unity

GMT 12:46 2017 Friday ,17 March

James takes charge, Irving exits with sore knee

GMT 06:11 2017 Saturday ,30 December

Israel extends custody of Palestinian teen

GMT 11:49 2016 Monday ,17 October

Turkish film shines light on child brides

GMT 21:38 2017 Saturday ,03 June

Toyota making 'flying car,' luxury boat

GMT 11:32 2017 Monday ,11 December

Watch brand James Derby launches

GMT 16:35 2017 Thursday ,26 January

'Corruption' still controls
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice