New York Times
September 22, 2011
The European Union said on Thursday that it was exploring new ways to try to stimulate economic growth in Greece, with one senior official acknowledging that Greek citizens were on the verge of rejecting any more austerity measures.
Horst Reichenbach, who heads a task force set up by the European Commission to give technical aid to Greece, said it was important to “give some hope to the Greek population which, as we all know, is at the brink of not accepting any further pain.”
Mr. Reichenbach said that the commission, the union’s executive branch, was examining ways of allowing European Union funding to be used to help guarantee increased lending by the European Investment Bank to fill a vacuum caused by the inability of Greek banks to lend to businesses. Around 15 billion euros, or $20 billion, in European Union structural funds have been allocated to Greece through 2013.
His comments come amid increasing concern that, in addition to pressing for essential changes to the Greek economy, international lenders should step up efforts aimed at reversing economic stagnation.
More
No comments:
Post a Comment