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Big fat Greek bailout 'unlikely': Borg

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 12:08 AM
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Big fat Greek bailout 'unlikely': Borg
Published: 9 Dec 09 12:17 CET
Online: http://www.thelocal.se/23748/20091209/

In an interview with the German daily Handelsblatt, Borg was asked if European Union members might provide Greece with bilateral aid, and said: "Such an approach would have to be discussed very attentively within the eurozone."

Greece is a member of the 16-nation eurozone, but Sweden, which currently holds the rotating EU presidency, is not.

"There is no legal basis" for such aid, Borg added.

"The European treaty even explicitly forbids EU member states from transferring their debts to others, and we should stick to that."

<SNIP>
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jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 12:15 AM
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1. Resistance is futile?
:hide:
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