Friday April 25, 2014 Search
Weather | Athens
21o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Juncker says no need for third bailout if program is implemented

Greece had not received final approval from eurozone finance ministers for its new 130-billion-euro bailout by late on Monday night, but the mood at the Eurogroup meeting in Brussels was much more positive than in previous weeks following the near-completion of the restructuring involving Greek bondholders.

The head of the Eurogroup, Jean-Claude Juncker, had encouraging words for Greece, marking a distinct change to the recent atmosphere at these gatherings of finance ministers, where there had been skepticism about the countrys future. Speaking to Skai TVs New Files program, Juncker insisted there was no question of Greece leaving the eurozone.

I never doubted that Greece would remain in the euro and I never will, said Juncker. Greece is an old European democracy but it is facing huge problems. It is taking the measures we asked for and I cannot see any reason that we should continue this silly discussion. We are feeding the markets with our speculation. I will never take part in this.

Juncker said that once approved, Greeces second bailout should also be its last if Athens sticks to the reform and fiscal targets it has agreed with the eurozone and the International Monetary Fund. However, in keeping with recent comments by German Finance Minister Wolfgang Schaeuble, Juncker did not rule out the possibility a third package would be needed.

It depends on the way the second program is implemented, he said. If Greece continues to take effective measures, reduces its fiscal deficit, in other words if it implements the program, I dont see the need for a third support package of similar size.

Speaking to reporters before the Eurogroup, Juncker said there was no doubt that the second bailout for Greece would be approved but that this would probably happen on Wednesday.

The implementation of the reform program will be at the center of discussions between the head of the EU Task Force, Horst Reichenbach, and ministers this week. Reichenbach arrived in Athens on Monday and is due to meet several members of the Cabinet before delivering the Task Forces quarterly report.

The size of the Task Force in Greece is to be increased and members are due to be stationed permanently at ministries to oversee the reforms Athens has pledged to implement.

ekathimerini.com , Monday March 12, 2012 (23:22)  
Work at new Athens cultural center gathering pace
Greece makes request for debt relief as loan tranche approved
New court to deal with major crime, graft cases
More than 20,000 protests since 2010 bailout
Ellaktor lands major Doha metro project
Ellaktor subsidiary Aktor has secured the biggest construction project ever obtained by a Greek company abroad by signing the contract for the study and construction of the Gold Line Undergr...
World seeks produce from Greece
Honey from Greece is considered a worthy wedding present in Japan. Elsewhere in Asia, gifts of Greek melons are wrapped up in packaging normally associated with jewelry. This countrys fish ...
Inside Business
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Ellaktor lands major Doha metro project
2. World seeks produce from Greece
3. Eurobank opens book for capital increase
4. Govt presents its growth model for the coming years
5. Work at new Athens cultural center gathering pace
6. Greece makes request for debt relief as loan tranche approved
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Putting the party above the country
3. Three missing from cargo ship that went down off Crete
4. Central Athens cleanup a sign of Greece's turnaround
5. Strong card in debt talks
6. Samaras meeting with Dimon key to Greek return to bond markets
Today
This Week
1. Greece startup leaders say they cant break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.