New York Times
June 21, 2011
Seeking to sweeten the medicine for Greek politicians who must decide next week whether to embrace a strict austerity plan, the president of the European Commission, José Manuel Barroso, on Tuesday proposed early payment to Athens of about 1 billion euros in money from the European Union.
At a meeting of European leaders on Thursday and Friday, Mr. Barroso is expected to propose to make it easier for the debt-laden country to use the money, the equivalent of $1.4 billion, to encourage economic growth.
“Greece has the potential to access a significant amount of E.U. money,” Mr. Barroso said in Brussels, adding that the money should be concentrated where it can create jobs. The idea, he said, was to “front-load and accelerate them, so that Greece gets the benefit now.”
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