NEWS

Greece woes are of its own making, Barroso says

Greece must move on with long-delayed structural reforms in order to restore the confidence of the markets, the former President of the European Commission Jose Manuel Barroso has said while blaming the country’s financial woes on the failings of Greek politicians.

“The Greek people went through extremely difficult moments, hardship. But these difficulties of Greece were not provoked by Europe,” Barroso said at an investors conference in Hong Kong.

“They were provoked by the irresponsible behavior of the Greek government,” he said.

The Portuguese said progress will come only through reform.

“There is an ideological difficulty that exists in the Greek government to understand that the way for Greece to recover the confidence of the markets is in fact for to go on with structural reforms that Greece has committed to,” he said.