Friday 23 February 2018

EU's Juncker wants greater Greek effort in debt talks

Jean Claude Juncker
Jean Claude Juncker

European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks had not reached a stage at which they could come to a quick positive end.

"We are absolutely not satisfied with the course of talks so far. There is urgent need for greater efforts on the Greek side to be able to conclude this matter in our mutual interests," he told reporters during a visit to Vienna.

"The intensity of talks has increased in the past four or five days but is not yet at the maturity needed to be able to reach a quick conclusion."

Meanwhile, the head of the Eurogroup said he expects Greece and its creditors to strike a new deal in the coming weeks and warned that its exit from the eurozone would lead to instability.

Jeroen Dijsselbloem said Greece must meet its obligations and agreements if it wants to remain in the eurozone, but a Greek exit of the eurozone is "not an option."

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business