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Athens News Agency: News in English, 08-10-15

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] FinMin on EU Summit sessions

  • [01] FinMin on EU Summit sessions

    BRUSSELS (ANA-MPA/M. Aroni) - Greek Economy and Finance Minister George Alogoskoufis, in statements to the press on the sidelines of the EU Summit here on Wednesday, said that all European Union member-states agreed, in general terms, with a proposal submitted by the 15 eurozone countries for dealing with the current global credit crisis.

    However, Alogoskoufis recognised that certain countries, such as the Czech Republic, had a different approach on dealing with the crisis.

    The econony minister stated that what is necessary is to avoid repercussions on real economy. He further noted that Prime Minister Costas Karamanlis, during his intervention at the Summit, underlined the need for the citizens to be supported, for employment to be promoted and for unemployment to be combated.

    Alogoskoufis added that the proposal by British Prime Minister Gordon Brown on reforming the international financial and credit system and suggesting the better supervision of the banking system, was being discussed at the Summit, adding that Greece supported this proposal.

    Finally, regarding the revised Stability Pact, the economy minister stressed that it would not change, given that the same Pact foresees that in "extreme cases", such as the present one, there will be "flexibility".

    Athens News Agency: News in English Directory - Previous Article - Next Article
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