Arab Today, arab today former ecb chief confident about greece\s efforts to exit crisis
Last Updated : GMT 11:13:46
Arab Today, arab today
Arab Today, arab today

Former ECB chief confident about Greece\'s efforts to exit crisis

Arab Today, arab today

Arab Today, arab today Former ECB chief confident about Greece\'s efforts to exit crisis

Athens - XINHUA

Former European Central Bank (ECB) president Jean-Claude Trichet expressed confidence Tuesday in Greece's efforts to exit its debt crisis. Delivering a speech here, the former ECB head from 2003 to 2011 appeared optimistic about the prospects of the Greek economy and the eurozone "after the worst crisis the EU has experienced since World War II." In his opinion, the situation in the eurozone has improved dramatically, owing to the fiscal adjustment and the progress made in economic and fiscal governance. Meanwhile, he urged EU countries "not to relax, but try to keep all the country members in the eurozone." In his lecture, "Lessons of the crisis: Improving the economic and fiscal governance of the euro area," he said Greece was the most vulnerable country in the EU crisis, comparing it to U.S. investment bank Lehman Brothers, which collapsed in 2008. "We did not respect the rules, never imposed the Stability and Growth Pact," he said of the causes of the crisis. "Second, there was no observation in the evolution of the competitiveness of the EU countries." "Furthermore, we didn't have a banking union and we hadn't set up control mechanisms to prevent all this," he said, adding "the market was never united in order to be flexible, while last but not least, the structural reforms were never executed to help changes happen rapidly."

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 former ecb chief confident about greece\s efforts to exit crisis Arab Today, arab today former ecb chief confident about greece\s efforts to exit crisis

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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