Juncker: Greece cannot tolerate any more austerity

Austerity has reached its limit in Greece, former Eurogroup chairman and Luxembourg prime minister Jean-Claude Juncker has said.

“Greece can no longer bear intense measures of structural adjustment,” Juncker said during a parliamentary speech Wednesday.

Juncker stepped down as head of the group of euro area finance ministers in January, handing the frontline post in combating the debt crisis to Jeroen Dijsselbloem of the Netherlands.