Friday October 31, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Juncker plays down debt writeoff, makes Commission portfolio pledge

Incoming European Commission president Jean-Claude Juncker, on a visit to Athens on Monday, played down the prospect of eurozone countries writing off part of Greek debt to make the country's debt sustainable.

Talks on further debt relief for Greece are expected later this year, and Greek and European officials have indicated Athens is likely to get lower interest rates and extension of loan maturities rather than outright write-off of debt.

Asked about whether Greek debt could be sustainable without a so-called «haircut», Juncker said he would not consider the issue before taking office but said: «When it comes to Greece, the question you're mentioning is not part of my meditation."

Juncker will take office on Nov. 1. He was speaking to reporters after a meeting with Greek Prime Minister Antonis Samaras, to whom the ex-Luxembourg premier referred to as a «friend and a brother."

The European Commission president-elect said he was proud of the fact that he «fought like a lion» to keep Greece in the eurozone when he was head of the Eurogroup.

After Samaras made reference to Argentina's selective default last week, Juncker said that Greece would have suffered the South American country's fate if it had not taken measures.

The two men were due to have lunch with Defense Minister Dimitris Avramopoulos, who will be Greece's representative at the Commission, which is due to be named in September.

Juncker insisted that he would not be pressurized over how the portfolios will be distributed among the 28 member states.

"I will decide on the portfolios,» he said. «You will not be disappointed."

[Reuters & Kathimerini]

ekathimerini.com , Monday August 4, 2014 (14:33)  
A year after GD members shot dead, police have no leads
No new Manolada trial, court rules
Greece poised to send reform proposals to troika
Extended summer timetable at museums, sites hailed a success
Power rates soared 60 pct in six years
During the 2008-13 Greek recession, the country endured the steepest domestic electricity rate hikes seen anywhere in the European Union, amounting to a total of 60 percent over the six year...
NBG chairman sees risks to recovery
The chairman of National Bank of Greece warned on Thursday that political, economic and geopolitical risks pose a threat to the country’s recovery. “Unfortunately we made too much noise and ...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Obradovic watches Greens thrash his Fenerbahce
2. Berg returns to add spice to Panathinaikos´s Cup win
3. Power rates soared 60 pct in six years
4. NBG chairman sees risks to recovery
5. Greek consumers shift toward money saving
6. IMF could offer know-how in backup plan for Greece
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. European stocks tumble as banks decline after Enria’s comments
5. Civil servants to be investigated for transferring money abroad
6. Over 1,500 buildings and vehicles damaged in flash floods
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.