Best Growth Stock – The European Council President, Herman Van Rompuy, today urged Athens to urgently close agreement with the bank about the debt relief, because it depends on “Monetary Union as a whole.”
In a lecture at the Humboldt University in Berlin on Europe, Van Rompuy called for “responsibility” of the Hellenic Government to unblock the negotiations with the private financial sector.
“Greece is not only responsible for themselves, is responsible for (future) set of the Economic and Monetary Union,” said European Council President.
He added that in recent months has given the Executive Greek “impressive strides” to solve their financial problems, but noted that this is still “not enough” and that it must make progress in resolving the crisis.
Thus, the European Council President joined voices to Athens today demanded an agreement with banks on private sector involvement in the second Greek rescue, a prerequisite for the country to continue receiving the first packet reaches help.
Earlier, French President Nicolas Sarkozy and German Chancellor Angela Merkel, also urged a joint press conference at the Hellenic Executive to make progress in this regard because “time is running out” in the words of the first.
However, Van Rompuy stressed that Greece must not only strive to overcome, but all European Union countries must work together to overcome the financial crisis.
“We must overcome the crisis together, and the end result can only be more Europe,” he said in reference to the draft fiscal union working in Berlin and Paris.
In this regard, he encouraged the Germans to “overcome his hesitant attitude” and put “full weight” behind the European project, and denied that Germany is the only one who has to support financially the consequences of sovereign debt crisis.
“A quarter of the German portfolio is three-quarters of the purses of other countries in the eurozone,” he said.
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