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Greece Ambassador to Bulgaria Praises New EU Financial Support Mechanism

Bulgarian - Greek » HIGHLIGHTS | April 5, 2010, Monday // 12:13

The new mechanism for financial support agreed upon recently by the EU leaders signals a new era for the EU and the Eurozone, according to Greek Ambassador to Bulgaria, Danai-Magdalini Koumanakou.

In an interview for the Greek Survey of Novinite.com (Sofia News Agency), Her Excellency praised the agreement of the EU leaders to provide bailout aid for Greece if necessary as very important since it showed readiness to support the common European currency, and was a demonstration of trust within the EU.

”This agreement was the outcome of a rational strategic planning, perseverance, well calculated moves and hard negotiations; at the same time it is an agreement that concerns the entire Europe, as it is signals a new era for the EU and the Eurozone, which have both responded to this great challenge despite all the adverse conditions, and managed to ensure in practice the solidarity and the mutual trust among the Member States.

In her words, it also ensured the financial stability not just of individual member states but also of the Eurozone as a whole.

„It should be clear that Greece’s aim is that the activation of this mechanism should not become necessary, since funding through the international markets remains the country’ s main goal. Nevertheless, it is important now that this mechanism is there, and that in this way the Eurozone reconfirmed their willingness to take decisive and coordinated action, in case this becomes necessary,” Ambassador Koumanakou told Novinite.com.

Her Excellency has emphasized the good relations enjoyed by Bulgaria and Greece and the rising level of economic cooperation, including the fact that Greek investments have created about 100 000 jobs in Bulgaria.

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