Saturday, July 2, 2011

Greece crisis: Poland's Jacek Rostowski criticises EU

BBC News
July 2, 2011

Polish Finance Minister Jacek Rostowski has criticised Europe's handling of the Greek debt crisis.

He suggested that too much emphasis had been put on austerity measures and not enough on growth.

And he accused some opposition parties in eurozone countries of showing a "breathtaking short-sightedness" over decisions to support Greece.

His comments come after Poland took over the six-month presidency of the European Union (EU) on Friday.

Mr Rostowski will now chair meetings of EU finance ministers, and hopes to join talks among eurozone finance ministers - even though Poland has not adopted the euro as its currency.

The EU and International Monetary Fund provided Greece with 110 billion euros in emergency loans in May 2010, with the next instalment due in the coming weeks to stave off the imminent threat of default.

Eurozone finance ministers are discussing the details of a second bail-out designed to help Greece pay its debts until the end of 2014.

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