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Athens News Agency: News in English, 10-02-02

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

From: The Athens News Agency at <>


  • [01] Barroso on Greek stability programme

  • [01] Barroso on Greek stability programme

    BRUSSELS (ANA-MPA) - European Commission President Jose Manuel Barroso expresses his conviction that Greece will achieve a correction of its budget deficit within the timetable set and, in a written statement issued here on Tuesday evening, declared that on Wednesday the European Commission will propose to the European Union's Council of finance ministers the approval of Greece's stability programme.

    Barroso mentions that with its assessment the Commission believes that the correction of the deficit that Greece pursues by 2012, with an adequate effort for advancement for 2010, is an optimistic and attainable plan.

    The Commission's president also hails Greece's commitment to take timely corrective measures in the event that the dangers that exist on the implementation of the stability programme are confirmed and stresses that the Commission will have as a responsibility to scrutinise the programme's implementation through a close supervision of monetary developments in Greece.

    According to Barroso, the successful correction of the high monetary deficit is not only important for Greece but for the eurozone as well and for the EU as a whole.

    Barroso also mentions that Greece's high monetary deficit for 2009 "constitutes a surprise for all of us" and points out that such deficits emanate from a combination of monetary slipping and the inaccurate notification of statistical data and must be corrected with determination, while also noting that Greece's public debt is also particularly high.

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