Eurogroup President Jean-Claude Juncker took aim at Austria, Germany and the southern German state of Bavaria on Saturday for suggesting that a Greek exit from the euro zone was looming.
“Threats in the Austrian, German or Bavarian language that Greece will soon leave the euro zone do not do Greece any good,” he said in a speech in the north-western town of Bielefeld.
“We must show solidarity with Greece and watch our words.”
He also reiterated that Greece’s main problem was not its debt but its lagging competitiveness and that countries had to tackle their budgets even if it caused “moments of recession”.
IMF making progress on Greece
Euro zone governments and the International Monetary Fund (IMF) are making progress in solving their row over how to make Greece’s debt manageable, Eurogroup President Jean-Claude Juncker told Reuters on Saturday.
“I expect us to go the rest of the distance with the IMF,” Juncker said on the sidelines of a speech in north-western Germany.
“We are working intensively on a compromise with the IMF on Greece and are making progress,” he told Reuters, adding it remained to be seen how much the differences had been narrowed by Tuesday when a meeting of European finance ministers takes place.
(source: Reuters)
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