17 April 2014, Thursday
Today's Zaman

EU's Barroso says wants Greece to stay in euro area

17 May 2012, Thursday /REUTERS
The European Union said it will honor its commitments to Greece in an effort to make sure it remains within the euro area but said Athens too must meet its obligations to the EU, the head of the head of the European Commission said on Thursday.    

"As far as Greece is concerned, I would like to reaffirm very clearly that we want Greece to stay in the euro area. And the European Union will do all it takes to ensure it," EC President Jose Manuel Barroso said in prepared remarks to the United Nations.     

Barroso made reference to upcoming Greek elections after attempts to form a government failed following an inconclusive vote on May 6. New elections are set for June 17 in which rising leftist leader of the SYRIZA party, 37-year-old Alexis Tsipras, is calling for an end to "barbaric" austerity policies he said were bankrupting the nation.     

"We will honor our commitments toward Greece and we expect the Greek government - current and future - to fulfill jointly agreed conditions for financial assistance," Barroso said.     

Barroso said that while the EU respects the will of the Greek people and their vote, it also must bear in mind the will of the 16 other euro area nations that have agreed on conditions for giving Greece financial assistance.     

Greece's long-running economic crisis turned into a full political crisis after parties opposed to the terms of a 130-billion-euro ($168 billion) bailout made strong gains in the May 6 vote, leaving the country without a government and raising the chances that it would renege on terms of the deal.     

Barroso is taking part in the United Nations General Assembly High-Level Thematic Debate on the State of the World Economy and Finance in 2012. It is bringing together high level ministers, mainly from emerging market nations in Europe, Middle East, Africa and Latin America.           

ARTS & CULTURE  Other Titles
Dikbaş brings a flow of ideas to new Gallery Tankut Aykut
Kutluğ Ataman's 1995 debut feature revisited 19 years on
Tickets for Ankara Jazz Festival on sale, Pink Martini among guests
Art news in brief
Crime king Jo Nesbo's tale of revenge has echoes of his own father
Adana's theater festival marks 16th year with Aquatic Parade
‘Istanbul United': Resisting football and fury
Al Di Meola to delight Ankara audience at music festival
Tickets for Itzhak Perlman's upcoming İstanbul concert still on sale
Aw, geez, ‘Fargo' is on TV with Billy Bob Thornton
Singer Audra McDonald transforms into Billie Holiday on Broadway
Labor film festival to mark ninth year in four cities
Opus Amadeus Festival concludes with baroque gems
‘The Friend': a look into reality that surrounds us
'Captain America' soars above ‘Rio 2'
Glitzy Olivier Awards honors ‘Mormon', ‘Ghosts'
‘Grandmaster' nearly sweeps Hong Kong Film Awards
‘Hunger Games: Catching Fire' sweeps MTV Movie Awards
Turkish palms and Byzantine paintings
‘Captain America: The Winter Soldier': Maybe the most grown-up Avengers movie yet
Pianist Anastasia Safonova, Borodin Quartet to perform in Ankara