Comments from meeting of EU finance ministers

Tue Jan 24, 2012 8:24am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

BRUSSELS (Reuters) - EU finance ministers and officials met on Tuesday to discuss a new treaty which aims to tighten fiscal discipline in the euro zone.

Following are comments after the end of the meeting:

GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE ON GREECE:

"Greece must implement the agreed measures and reforms. And of course all Greek parties must agree to the measures and a new program, independently of the upcoming election.

"The contribution of private creditors is about reaching debt sustainability defined as 120 percent of GDP by 2020 as the heads of state and governments decided last year. In the current negotiations with private creditors we are still some way from that.

"Of course it is clear the IMF has to be part of a second package for Greece and so the talks will be continued in the next days on that basis.

"The (EU-IMF) troika sometimes has the impression that not everything agreed in the first program has been implemented. We told Greece clearly that what has not been implemented yet must be implemented. It strengthens the confidence that what is agreed is implemented.

"Without the commitment of all (parties) and without assurance that independently of the outcome of elections the commitment is valid, it would be irresponsible for me as finance minister to sign."

ON TALKS ON PRIVATE SECTOR INVOLVEMENT IN GREECE:   Continued...