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Greece 'faces Europe sanctions without spending cuts'

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No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/02/2010 11:16

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Message 1 of 2 in Discussion

Greece has been told that it must make further spending cuts or face sanctions, the eurozone chief has said.

Jean-Claude Juncker told German radio that Greece must understand that other eurozone members are not prepared to pay for its mistakes.

After the European Union vowed to helped Greece last week, the tone has turned harsher this week as talk of a bail-out proves unpopular.

Greece's woes have sent the euro down to a nine-month low recently.

Mr Juncker - chairman of the 16 nations that share the single currency and also Luxembourg's prime minister - has said Greece agreed to outline additional cuts in March if necessary.

He added that further measures would be imposed if Greece's debt reduction plans were not shown to be on target by 16 March. http://news.bbc.co.uk/1/hi/business/8517499.stm



basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
16/02/2010 11:45

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Message 2 of 2 in Discussion

they need to stop maitaining south cyprus and leave them to the turks!!!!



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