Send to Kindle
Barroso said that while the EU respects the will of the Greek people and their vote, it also must bear in mind the will of the 16 other euro area nations that have agreed on conditions for giving Greece financial assistance. Photo by EPA/BGNES
The head of the European Commission said Europe wants Greece to remain part of the euro zone, but stressed there was "no way" of changing the terms of a 130-billion-euro bailout agreed.
"As far as Greece is concerned, I would like to reaffirm very clearly that we want Greece to stay in the euro area. And the European Union will do all it takes to ensure it," EC President Jose Manuel Barroso said in prepared remarks to the United Nations.
"We will honor our commitments toward Greece and we expect the Greek government - current and future - to fulfill jointly agreed conditions for financial assistance," Barroso said, referring to the Greek elections and the support that voters gave to anti-austerity parties.
Barroso said that while the EU respects the will of the Greek people and their vote, it also must bear in mind the will of the 16 other euro area nations that have agreed on conditions for giving Greece financial assistance.
Barroso is taking part in the United Nations General Assembly High-Level Thematic Debate on the State of the World Economy and Finance in 2012. It is bringing together high level ministers, mainly from emerging market nations in Europe, Middle East, Africa and Latin America.
Greece faced anew the risk of default and exit from the euro zone after voters rejected earlier this month austerity and the terms of the country's bailout from the European Union and International Monetary Fund.
No party won a majority in the May 6 election.
Greece will hold fresh elections on 17 June and a judge has been appointed to head an interim government.
Council of State president Panagiotis Pikramenos will head the caretaker government until the election.
The election date was announced after final talks to form a coalition failed on Tuesday, raising new concerns over Greece's eurozone future.
Fitch ratings agency warned last week that all euro-area countries would face the risk of a downgrade if Greece exits the 17-nation single currency bloc.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
In a bold move to amplify their demands for higher wages and better working conditions, journalists across Greece have embarked on a 24-hour strike, effectively halting news broadcasts for the duration
In a demonstration of solidarity and protest against the government's economic policies, media workers across Greece have initiated a 24-hour strike, aligning themselves with the call for protests issued by labor unions
The first criminal trial against a former US president commences in a New York courtroom
In a bid to uphold the principle of free access to beaches, Greek authorities have implemented strict regulations, warning of hefty fines for violators.
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
In a recent statement, Russian Deputy Foreign Minister Sergei Ryabkov issued a stern warning to Poland, asserting that any permanent deployment of NATO nuclear weapons on Polish soil would render the country a military target for Russia.
Reports confirm that Ukraine has deployed long-range ballistic missiles provided by the United States in secret, targeting Russian forces in occupied territories
President Volodymyr Zelensky of Ukraine has pledged to take all necessary measures to compensate for the six-month delay in receiving a new 61 billion dollars US aid package
Russia has declared its intention to repatriate 48 deported Ukrainian children to their families, according to Maria Lvova-Belova, the Russian Commissioner for Children's Rights
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
