EU’s Juncker:Eurogroup To Meet July 3 For Decisions On Greece

Author: Market News International | Category: News

FRANKFURT (MNI) – An Eurogroup meeting will be held on July 3,
which “pre-supposes” that the Greek authorities will have by then done
everything possible to “allow us to take our decisions on a solid
basis,” Eurogroup Chairman Jean-Claude Juncker said on Monday.

Speaking at a joint press conference alongside European Monetary
Affairs Commissioner Olli Rehn and European Financial Stability Facility
CEO Klaus Regling, Juncker added, “It goes without saying that no
pressure will be put on the financial institutions, so as to avoid the
selective default.”

“Voluntary means voluntary,” Juncker stressed.

The Luxembourg prime minister stressed that Greece’s debt was
“sustainable”, but would only remain so if the country complies fully
with all its commitments.

“The approval of the Greek parliament of all the planned measures
is absolutely essential and it will have to arrive in a timely fashion
so that we can take our decision by the third of July,” Juncker said.

Turning to Portugal and Ireland, Juncker said that the adjustment
programs in both countries were “progressing well, both in terms of
fiscal reforms and structural reforms.”

“We are entirely satisfied,” he said.

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