Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Barroso says no room for change to Greek bailout terms

The head of the European Commission said Wednesday there was «no way» of changing the terms of a 130-billion-euro bailout agreed with Greece, as Athens prepares to return to the polls.

"There is no way of changing the commitments taken by Greece and also by the other 16 euro area member states,» said Jose Manuel Barroso as he outlined a new push for growth across the eurozone in the wake of telephone talks with new French President Francois Hollande.

As official news in Athens pegged June 17 as the date for a repeat election, 10 days after voters gave a majority to anti-austerity parties, Barroso said it was «important not only for the credibility of Greece but also for the credibility of the euro area that agreements are stuck to."

He added: «It is possible to work with the Greek authorities on measures to enhance growth.

"But frankly, it will not improve the situation of Greece or the euro area in general if the message is that we do not stick to our commitments."

Barroso underlined: «We will of course fully respect the decision taken by the Greek people.

"But the Greek people should be aware that there are another 16 democracies in the euro area -- and that the democratic decisions taken by the euro area should also be taken into account.

"We want Greece to remain part of the family, of the EU and the eurozone.

"But the ultimate resolve to stay in the euro area must come from Greece itself,» Barroso said.

Barroso joins European Union leaders for an informal summit in Brussels on Wednesday, after a G8 summit in the United States also involving Hollande, German Chancellor Angela Merkel, Italian Prime Minister Mario Monti and non-euro British counterpart David Cameron.

He said Wednesday's talks gave an opportunity to widen the EU's growth agenda ahead of formal decisions at a June 28-29 summit, calling for «targeted investment» alongside «sound public finances and deep structural investment."

He particularly urged leaders to agree on a 10-billion-euro capital injection into the European Investment Bank, aimed at boosting lending to small and medium-sized enterprises and therefore employment.

A day after Austria and Luxembourg blocked plans to target unpaid tax hidden in accounts in Switzerland and elsewhere, Barroso said the Commission also needs a «mandate» to proceed in efforts worth «billions and billions» all of which can be used to «kickstart growth."

He said he had a «long conversation» with Hollande which would see them work together on these aims, beginning before the G8 discussions on Friday and Saturday.

Barroso said the EU needs decisions quickly on these and other ideas including an improved EU budget and re-directing unallocated EU funds -- rather than returning them to contributing states -- in order to boost confidence.

However, he reiterated that even with the new triple-pronged approach he advocated -- investment as well as austerity and reforms -- Greece could not re-negotiate the terms agreed with the EU and the International Monetary Fund in March.

[AFP]

ekathimerini.com , Wednesday May 16, 2012 (17:07)  
Report points to suspicious clinic charges to EOPYY
New rector seeks to introduce ID checks at University of Athens
Gov’t upbeat in troika talks, says budget ´on target´
Anti-racism bill approved in principle, final vote Friday
Helexpo sell-off plan to be ready by mid-October
Helexpo, the state company that organizes major exhibitions such as the Thessaloniki International Fair, is in the last stages of drawing up its privatization plan. Sources say that the prop...
Maniatis talks energy with Washington’s man in Athens
Energy Minister Yiannis Maniatis held a meeting yesterday with US Ambassador in Athens David D. Pearce to discuss possible natural gas supply problems that Europe may face this winter due to...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Poise matters
A politician who wishes to demonstrate that he is a leader needs two fundamental characteristics: poise and the ability to rely on his instinct. Poise has been a prerequisite since long befo...
EDITORIAL
The right decision
A year ago, when former Health Minister Adonis Georgiadis announced that auditing companies were set to begin investigating expenses submitted by certain private health clinics to social sec...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washington’s man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. The right decision
2. Poise matters
3. Politicized archaeology
4. Rain and storms with hail expected in many parts of Greece
5. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
6. New committee formed to assess progress of deregulation in closed-shop professions
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.