Barroso required from EU leaders more resolute support for Greece
The European Commission President Jose Manuel Barroso insisted before the EU leaders to take more decisive action on financial assistance to Greece before the summit, which will be held on March 25, wrote the international agencies. In an interview in today’s edition of the German edition Handelsblatt Barroso stated that the Commission is working on a plan to settle on a system of bilateral loans to Greece, he stated that this should happen as soon as possible. Have after the meeting to give a clear signal of how they will react to the situation. Otherwise, there would come much uncertainty as this may endanger the stability of the euro area and to encourage speculation, further indicates the head of the EC. Barroso added that the decision should be taken on a principled basis and to prepare a mechanism for possible action, if Greece decides to resort to it. Germany’s Chancellor Angela Merkel is the most serious obstacle to the adoption of a plan for Greece, which provides for EU funding for Athens. Recalled its statement at the end of last week, in which Merkel stated that the upcoming meeting on Thursday does not foresee the vote on a financial package to Greece.
According to sources from the EU IMF may provide about half the 25 billion euros, of which Greece is needed.
Tags: Barroso, EU leaders, European Commission, European Commission President, European Union, Greece, Jose Manuel Barroso, President