5.13.2012

EURO GROUP CHIEF JEAN-CLAUDE JUNCKER: MORE PATIENCE WITH GREECE. THE ECONOMY NEEDS MORE TIME TO RESTRUCTURE.


INTERNATIONALPosted on 12:05:12 10:00

Juncker calls for more patience with Greece


Juncker: Greece needs more time to form a government.
Photo: AP
(Reuters) - Euro group chief Jean-Claude Juncker wants to give more time to save Greece. The European partners would have their schedule to the test and repair contracts with Greece in doubt, said Luxembourg's Prime Minister.
If the formation of a government or should there be further delay elections, Greece needs more time. These should be given her. On the agreed tough austerity measures, however, lead is no way around."I'm not a priori determined that we are now the exact month the agreed scheduling goal fulfillment is essential to maintain a budgetary nature," said Juncker. He had no problem with the fact that Greece, for example, one year get more time to implement the agreed contractual consolidation program. But this must be negotiated at European level only.