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Athens News Agency: News in English, 10-02-02
CONTENTS
[01] Barroso on Greek stability programme
[01] Barroso on Greek stability programme
BRUSSELS (ANA-MPA) - European Commission President Jose Manuel Barroso
expresses his conviction that Greece will achieve a correction of its
budget deficit within the timetable set and, in a written statement
issued here on Tuesday evening, declared that on Wednesday the European
Commission will propose to the European Union's Council of finance
ministers the approval of Greece's stability programme.
Barroso mentions that with its assessment the Commission believes that
the correction of the deficit that Greece pursues by 2012, with an
adequate effort for advancement for 2010, is an optimistic and
attainable plan.
The Commission's president also hails Greece's commitment to take
timely corrective measures in the event that the dangers that exist on
the implementation of the stability programme are confirmed and
stresses that the Commission will have as a responsibility to
scrutinise the programme's implementation through a close supervision
of monetary developments in Greece.
According to Barroso, the successful correction of the high monetary
deficit is not only important for Greece but for the eurozone as well
and for the EU as a whole.
Barroso also mentions that Greece's high monetary deficit for 2009
"constitutes a surprise for all of us" and points out that such
deficits emanate from a combination of monetary slipping and the
inaccurate notification of statistical data and must be corrected with
determination, while also noting that Greece's public debt is also
particularly high.
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