Log in
A+ A A-

EC President Elect Juncker Dismisses Debt Write Off

During his visit to Athens today, European Commission President-elect Jean Claude Junker dismissed the possibility of eurozone nations writing off a portion of the nation's debt to create sustainability, as reported by Kathimerini.

Additional debt relief discussions are predicted to occur before 2014's end, while European and Greek delegates have determined that the country will probably receive loan maturities expansions and lower interest rates instead.

When queried over the sustainability of Hellenic debt, Juncker replied that he is not contemplating the concern, prior to his presidential post that will begin on November 1st. He stated, "When it comes to Greece, the question you're mentioning is not part of my meditation."

After Juncker conducted a meeting with Prime Minister Antonis Samaras, he commented to reporters that the Greek leaders is a "friend and brother". The EC President-elect stated his pride, regarding how he "fought like a lion", during his reign over the Eurogroup to keep Greece as a eurozone state.