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Eurogroup Jean Cloaude Juncker Says Memorandum Will Remain ‘Intact’

Eurozone chairman and Luxemburg Prime Minister, Jean-Claude Juncker, warned Greece that extra leeway does not mean revisiting the whole bailout program. In fact, he stated that the memorandum terms will remain more or less the same in his interview with the Austrian newspaper Kurier.

His comments on Austrian radio came after talking on the phone to election winner and new Greece’s PM Antonis Samaras.

Eurogroup chief Jean-Claude Juncker on Tuesday said extensions to the fiscal time frame could be considered but substantial changes are out of the question.

“There can be no discussions about changing the substance of the agreements, but as I indicated three or four weeks ago, we can by all means talk about extensions to the time frame,” Juncker told Austrian radio.

Juncker avoided commenting on new Greek PM Samaras’s demand that the implementation deadline be extended by two years, explaining that this is due to be discussed on Thursday during the Eurozone Finance Ministers Summit. He added that “recession in Greece is deeper than we thought” and that Greek finances will be examined in detail tomorrow.

Furthermore, he denounced rumors that Spain and Italy have been found in the same terrible position as Greece, commenting that Europe will not be serving such new cases to the stock markets.

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