Eurozone rebuttal for Greece – glowing report for Ireland and Spain

AFP PHOTO/JOHN THYS

French Economy, Finance and Foreign Trade Minister, Pierre Moscovici (L) speaks with Greek Finance Minister Ioannis Stournaras prior to a Eurozone finance ministers meeting at the EU Headquarters in Brussels on November 14, 2013.

Greek Finance minister couldn’t prevent new negative statements for his country


Ireland and Spain are practically out of recession and have convinced the other countries of the Eurozone about the soundness of their bailout exit strategy. None of the two countries shall need a precautionary credit line when they exit the bailout program without any extra measures.

Greece, on the other hand, needs “political urgency” and will have to comply with a series of strict criteria, including structural reforms and progress on the privatisations program.

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