EU:Agreement to support Greece to reached

In the meantime, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy are confident an agreement to support Greece will be reached. They also claim debt restructuring in one euro country is out of the question. Jose Manuel Barroso, European Commission President, said, "Debt restructuring in euro area member states is not an option. The euro area members states' commission, European Central Bank are determined to guarantee the overall financial stability of the euro area. And as you know, today President Van Rompuy also announced the euro area summit that will take place no later than the 10th of May. " Herman Van Rompuy, European Council President, said, "Our governments are fully committed to provide support to Greece, to ensure the stability of the euro zone. And I and many others are fully confident that an agreement will be reached in the coming days on a very strong and an ambitious adjustment program which will set a credible medium term strategy for the Greek economy. And debt restructuring in one euro area country is out of question. Out of the question."

• 2010-04-29T07:04:46+00:00
• Duration: 01:12

Share

Keywords

EU Agreement to support Greece to reached