Monday October 20, 2014 Search
Weather | Athens
24o C
16o 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 country’s future. Speaking to Skai TV’s “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, Greece’s 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 don’t 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 Force’s 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)  
Ex-party leader to see prosecutor on Tuesday over bribe allegations
PASOK objects to plans for changes to public sector wage structure
SYRIZA´s Lafazanis pledges immediate action on bailout, Tsipras promises
Turkish vessel enters Cypriot Exclusive Economic Zone
German bunds rise on sata seen adding to gloom; Greek bonds gain
German government bonds rose for the first time in three days before reports that economists said will add to signs Europe’s economic recovery is grinding to a halt, boosting demand for fixe...
ECB review will clarify Greece´s needs, says Regling
A review of the European banking sector due to be released on Oct. 26 should bring clarity on Greece's funding needs, the head of the monetary union's bailout fund said on Monday. Klaus Regl...
Inside Business
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
SOCCER
OFI stuns Panathinaikos, Mitroglou hits twice
OFI Crete produced the upset of the week in Greek soccer beating Panathinaikos in Athens for only the second time in its history on Sunday, while PAOK stayed on top beating Atromitos at home...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the country’s problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. German bunds rise on sata seen adding to gloom; Greek bonds gain
2. ECB review will clarify Greece´s needs, says Regling
3. Ex-party leader to see prosecutor on Tuesday over bribe allegations
4. PASOK objects to plans for changes to public sector wage structure
5. SYRIZA´s Lafazanis pledges immediate action on bailout, Tsipras promises
6. Greece’s Alpha Bank said to seek 180 mln euros for Athens Hilton
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Hardouvelis does not see 'big surprises' in ECB stress tests
4. European leaders pivot back to debt crisis after wake-up call
5. Turkish vessel enters Cypriot Exclusive Economic Zone
6. Samaras to visit Cyprus on November 7, ahead of Egypt talks
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Less haste, more focus
3. Greece to contribute 1 mln towards Gaza reconstruction
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Istanbul skyscraper casts shadow over Greece's banking ambitions
6. Coalition shooting itself in the foot
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.