Arab Today, arab today juncker urges eu to face up to serious greek troubles
Last Updated : GMT 12:05:41
Arab Today, arab today
Arab Today, arab today

Both for country and wider risks to eurozone

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

Arab Today, arab today

Arab Today, arab today Juncker urges EU to face up to 'serious' Greek troubles

European Commission President Jean-Claude Juncker
Berlin - Arab Today

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.
Source: AFP

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*

Arab Today, arab today juncker urges eu to face up to serious greek troubles Arab Today, arab today juncker urges eu to face up to serious greek troubles

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday