Arab Today, arab today juncker europe must remain vigilant against economic crisis
Last Updated : GMT 04:28:03
Arab Today, arab today
Arab Today, arab today

Juncker: Europe must remain vigilant against economic crisis

Arab Today, arab today

Arab Today, arab today Juncker: Europe must remain vigilant against economic crisis

Jean-Claude Juncker, president-elect
Athens - AFP

Europe must remain "vigilant" against new financial challenges as it struggles to overcome the lingering effects of the debt crisis, the European Commission's incoming head Jean-Claude Juncker said on Monday.
The day after Brussels gave the green light for a state rescue of Portuguese banking giant Banco Espirito Santo (BES), Juncker warned the recession-hit region remained vulnerable to fresh economic strains.
"I believe that we have gone a long way and we are nearing the end but we have not yet turned a corner," said Juncker during a visit to crisis-hit Greece, his first official visit to a member state since being elected as the head of the EU's executive arm.
Brussels on Sunday gave the green light for a near 5.0-billion-euro ($6.7 billion) rescue plan for stricken BES in a bid to "restore confidence in financial stability" and avoid hurting the broader Portuguese economy.
Junker said the situation in Portugal remained "fragile," adding that "we must remain vigilant ... across Europe, we could be affected by things which we cannot predict".
The crisis at BES has shaken confidence in Portugal, which has only just emerged from a three-year EU-backed aid plan, one of several countries to be rescued when they were frozen out of international debt markets.
After holding talks with Greek Prime Minister Antonis Samaras, Juncker emphasised that member states must continue with "fiscal discipline" despite the improving outlook in financial markets.
As head of the 18-nation eurozone group of finance ministers, Juncker was crucial in negotiating two rescue packages for Greece in return for a hugely unpopular austerity programme that sank the economy into a deep six-year recession.

 

arabstoday
arabstoday

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 europe must remain vigilant against economic crisis Arab Today, arab today juncker europe must remain vigilant against economic crisis

 



Arab Today, arab today

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 europe must remain vigilant against economic crisis Arab Today, arab today juncker europe must remain vigilant against economic crisis

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
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