BRUSSELS (MNI) – European Commission president Jose Manuel Barroso,
on Wednesday urged EU leaders to agree a minimum of five points at
Thursday’s summit on the Greek debt crisis.
“The situation is very serious,” Barroso told journalists at a
hastily convened press conference.
A failure to deal with Greece’s problems will have “negative
consequences that will be felt in all corners of Europe and beyond,” he
warned.
“The elements for a solution are known,” Barroso said, urging EU
leaders to provide at a minimum clarity on five key issues.
The urgent issues the European Commission president said must be
addressed are: the sustainability of Greece’s public finances; the
feasibility and limits of private sector involvement in a bailout; the
scope for more flexible options through the EFSF; repair of the banking
sector; and measures to ensure the provision of liquidity to the banking
sector.
A solution to the crisis is “in the self interest of every member
state,” Barroso said.
[TOPICS: M$X$$$,M$Y$$$,MGX$$$,M$$CR$]
