Rehn: Greece Must Sign Austerity Commitment to Restore Trust
EU financial affairs commissioner Olli Rehn has requested that Greece sign a guarantee to abide by austerity measures to be implemented in its second rescue plan.
In this, Rehn has followed up Eurozone President Jean-Claude Juncker, who asked for a similar written commitment Monday.
In his Tuesday statement, Rehn further described the earlier intention voiced by Greek PM George Papandreou to hold a referendum on the austerity and rescue plan as "breach of trust."
"Greece violated the terms of the rescue plan - it is time it restores the healthy contact with other eurozone members," said Rehn at a press conference after a council of EU finance ministers.
Earlier Tuesday, Andonis Samaras, leader of the Greek opposition party New Democracy had said he is not in favor of such a written agreement.
Currently Samaras is holding talks with PM George Papandreou over the leadership and composition of the crisis cabinet set to take over after the imminent resignation of the PM.
All cabinet ministers have already handed their resignations to Papandreou, who in turn is expected to hand in the cabinet resignation to President Karolos Papoulias later on Sunday evening.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The European Commission Started an Evaluation of the Bulgarian Recovery Plan
- » Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
- » Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
- » New German Government and Old Bulgarian "bad boy" Borissov
- » EC Opens Infringement Proceedings against 19 EU Member States, Including Bulgaria
- » Bulgarians and EU Citizens Will Enter UK only with Passports from October 1st