PARIS (MNI) – European Commission President Jose Manuel Barroso
said Thursday that his meetings with Greek government leaders have
convinced him that the new Greek government is committed to reform.
Speaking at a press conference in Athens following a meeting with
Greek Prime Minister Antonis Samaras, Barroso said he was “convinced
that Greece could make it” and said that the Commission would stand by
Greece as long as it delivered on reforms.
Barroso also said Brussels was working rapidly to form a banking
union with the European Central Bank as the single banking supervisor.
The Commission will make specific proposals by September, he said.
The ECB’s role as banking supervisor will be completely
separate from its role in setting monetary policy, Barroso said, and its
presence will go a long way to helping to restore confidence in
European banks.
–Paris newsroom, +33142715540, jduffy@marketnews.com
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