Monday March 2, 2015 Search
Weather | Athens
11o C
6o 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)  
Spanish PM hits back at Greek accusation of anti-Athens ´axis´
Greece´s lenders skeptical on new bills but focus on funding needs
Lenders to be consulted over collective bargaining
Alleged accomplices of N17´s Xeros caught in Athens
ANALYSIS
Greek debt becoming less sustainable
The agreement between the Greek government and its lenders, which was sanctioned by the Eurogroup last Tuesday, appears to be more of a respite and less of a sea change in the relationship b...
No progress seen in tax administration
Tax evasion loopholes remain wide open in Greece, the monitoring mechanisms are still shackled to political power, and an apparent determination to adhere to all laws and regulations conceal...
Inside Business
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Super League to seek way out of impasse
2. Greek debt becoming less sustainable
3. No progress seen in tax administration
4. House protection criteria will benefit wealthy borrowers, too
5. Agenda
6. Spanish PM hits back at Greek accusation of anti-Athens ´axis´
more news
Today
This Week
1. Greece's lenders skeptical on new bills but focus on funding needs
2. Schaeuble softens tone, says Greece 'needs time'
3. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
4. Lenders to be consulted over collective bargaining
5. Spanish PM hits back at Greek accusation of anti-Athens 'axis'
6. Greek debt becoming less sustainable
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. A fierce battle looms
3. The ignorance of the West about the culture of Islam
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. SYRIZA feeling the pain
6. The unlikely winners of Greece's surrender on euro
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.