9 Mar 2015
“Not everyone in the European Union has understood how serious the situation in Greece is” – EC President Junker
FXStreet (Mumbai) - In an interview for a German daily published over the weekend, European Commission (EC) President Jean-Claude Juncker expressed his worries that not all European Union leaders have recognized the seriousness of the current situation in Greece, both for its citizens as well as for Europe.
Key Quotes:
"We must be sure that the situation does not continue to deteriorate in Greece. What worries me is that not everyone in the European Union has understood how serious the situation in Greece is,"
Greece's exit from the euro zone would amount to an "irreparable loss of reputation" for the single currency project.
"If the government wants to spend more money, it must compensate with savings or supplemental income,"
"It is not acceptable that a prime minister must negotiate reforms with civil servants. One is an elected official, the others are not."
Key Quotes:
"We must be sure that the situation does not continue to deteriorate in Greece. What worries me is that not everyone in the European Union has understood how serious the situation in Greece is,"
Greece's exit from the euro zone would amount to an "irreparable loss of reputation" for the single currency project.
"If the government wants to spend more money, it must compensate with savings or supplemental income,"
"It is not acceptable that a prime minister must negotiate reforms with civil servants. One is an elected official, the others are not."