EU’s Juncker-European aid mechanism may be needed

MADRID, April 15 (BestGrowthStock) – The European Union may have to
establish a mechanism to help out countries with financing
difficulties after a 30 billion euro aid package agreed for
Greece last weekend, Jean-Claude Juncker, chairman of the
Eurogroup of finance ministers, said in a newspaper interview
on Thursday.

“We have resorted to these loans (for Greece) because there
was no other solution within the European Treaty. For the
future we will have to install a European mechanism without
allowing some member states to relax and not balance their
books,” Juncker was quoted as saying in an interview with
Spanish newspaper Expansion.

“Nor is a change in the Treaty ruled out,” he added.

Juncker also described the Greek aid programme as
“credible”.
Stock Market Report

(Reporting by Elisabeth O’Leary; Editing by Kim Coghill)
[email protected]; +34 91 585 8295; Reuters
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EU’s Juncker-European aid mechanism may be needed