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“We have reached a far-reaching agreement on Greece’s new program and private sector involvement that would lead to a significant debt reduction for Greece ... to secure Greece’s future in the euro area,” Jean-Claude Juncker, who chairs the Eurogroup...
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That statement is wrong on every count. It is not a comprehensive blueprint; it is a sticking plaster. It is not sustainable; sooner, rather than later, Greece will be back asking for more. And it will not safeguard financial stability in the longer term.
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But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. Photo: Yves Logghe / AP Luxembourg's Prime Minister Jean-Claude Juncker,...
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Gobet / AFP - Getty Images Eurogroup president Jean-Claude Juncker and International Monetary Fund Managing Director Christine Lagarde celebrate the latest deal to bail out Greece. Their jubilation may be premature. By John W. Schoen, Senior Producer In...
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Greek Prime Minister Lucas Papademos, left, speaks with Luxembourg's Prime Minister Jean-Claude Juncker, center, during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Economists,...
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But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe) — AP Greek Prime Minister Lucas Papademos, left,...
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But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe)nullGreek Prime Minister Lucas Papademos, left,...
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Managing Director Christine Lagarde, Eurogroup Chairman and Luxembourg's Prime Minister Jean-Claude Juncker and European Monetary Affairs Commissioner Olli Rehn (L-R) hold a joint news conference after a Eurogroup meeting in Brussels February 21, 2012. ...
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But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe)nullGreek Prime Minister Lucas Papademos, left,...
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But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe) — AP Luxembourg's Prime Minister Jean-Claude...
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The deal reached after 12 hours of talks through the night in Brussels gives Greece 130 billions euros ($170 billion) in bailout loans. It foresees Athens reducing its debt down to 120.5 percent of gross domestic product by 2020. Eurogroup chairman...
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"We have reached a far-reaching agreement on Greece's new program and private-sector involvement," Luxembourg Prime Minister Jean-Claude Juncker, who heads the eurozone finance ministers when they meet as a group, said after nearly 14 hours of talks. ...
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He says that the deal has helped Greece to avoid a "nightmare scenario" and given it a "new opportunity". 15.34 There are still a few politicians out there who haven't had their say on last night's Greek deal. Next up is France's European Affairs...
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“We have reached a far-reaching agreement on Greece’s new program and private sector involvement that would lead to a significant debt reduction for Greece ... to secure Greece’s future in the euro area,” Jean-Claude Juncker, who chairs the Eurogroup...
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Any profits that the European Central Bank or other EU nations make from their purchase of discounted Greek bonds will be channelled back to Athens. "We have reached a far-reaching agreement ... to secure Greece's future in the euro area," said...
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Regling (left), chair of the European Financial Stability Facility, Christine Lagarde, managing director of the International Monetary Fund, Luxembourg Prime Minister Jean-Claude Juncker and Olli Rehn, EU commissioner for economic affairs (right), hold...
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Any profits that the European Central Bank or other EU nations make from their purchase of discounted Greek bonds will be channelled back to Athens. "We have reached a far-reaching agreement ... to secure Greece's future in the euro area," said...
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21 (Bloomberg) -- The euro fell from a three-month high against the yen on concern further political action will be needed to resolve the region’s debt crisis even after Greece won a second international bailout. The 17-nation currency erased gains that...
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“We have reached a far-reaching agreement on Greece’s new program and private sector involvement that would lead to a significant debt reduction for Greece ... to secure Greece’s future in the euro area,” Jean-Claude Juncker, who chairs the Eurogroup...
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"We have reached a far-reaching agreement on Greece's new programme and private sector involvement that would lead to a significant debt reduction for Greece ... to secure Greece's future in the euro area," Jean-Claude Juncker, who chairs the Eurogroup...
About Jean-Claude Juncker
Wikipedia
Jean-Claude Juncker (born 9 December 1954) is a Luxembourgian politician, the leader of the Christian Social People's Party. He is the incumbent Prime Minister of Luxembourg, having succeeded Jacques Santer on January 20, 1995. He is also currently Luxembourg's Minister for Finances, a position that he has held since 14 July 1989. He has served... Full Article
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Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker scratches his eyes during a press conference following an Eurozone meeting on February 21, 2012 at the EU Headquarters in Brussels. An unprecedented roughly 230-billion-euro (300 billion USD) bailout package agreed on...
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International Monetary Fund Managing Director Christine Lagarde (L) and Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (C), EU Commissioner for Economic and Monetary Affairs Olli Rehn (R) give a press conference following an Eurozone meeting on February 21, 2012...
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Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (C) arrives prior to a Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this time seems to have tightened the corset of conditions tightly...
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(L to R) Greek Finance Minister Evangelos Venizelos (L) and Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker, Greek Prime Minister Lucas Papademos and German Finance Minister Wolfgang Schauble talk prior an Eurozone meeting on February 20, 2012 at the EU...
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AP Photo
Luxembourg's Prime Minister Jean-Claude Juncker, right, speaks with Greek Prime Minister Lucas Papademos, left, during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday...
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Reuters Pictures
Luxembourg's Prime Minister and Eurogroup chairman Jean-Claude Juncker (R) talks with Greece's Prime Minister Lucas Papademos (L) at the start of a Eurogroup meeting at the European Union council headquarters in Brussels February 20, 2012. Euro zone finance ministers are expected to...
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AP Photo
Luxembourg's Prime Minister Jean-Claude Juncker rubs his face during a media conference after a meeting of eurozone finance ministers at the EU Council building in Brussels on Tuesday, Feb. 21, 2012. After more than 12 hours of talks, the countries that use to euro begrudgingly agreed...
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AP Photo
Luxembourg's Prime Minister Jean-Claude Juncker, right, and Managing Director of the International Monetary Fund Christine Lagarde, left, prepare to address a media conference after a meeting of eurozone finance ministers at the EU Council building in Brussels on Tuesday, Feb. 21, 2012.
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Reuters Pictures
European Financial Stability Facility (EFSF) Chief Executive Klaus Regling, IMF Managing Director Christine Lagarde, Eurogroup chairman and Luxembourg's Prime Minister Jean-Claude Juncker, and European Monetary Affairs Commissioner Olli Rehn (L-R) hold a joint news conference after a...
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Reuters Pictures
IMF Managing Director Christine Lagarde, Eurogroup Chairman and Luxembourg Prime Minister Jean-Claude Juncker and European Monetary Affairs Commissioner Olli Rehn (L-R) hold a joint news conference after a Eurogroup meeting in Brussels February 21, 2012. Euro zone finance ministers...
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Luxembourg's Prime Minister and chairman of the Eurogroup Jean Claude Juncker speaks with Spanish Finance Minister Luis de Guindos (R) before an Eurogroup Council meeting at the EU headquarters in Brussels on February 9, 2012. The head of the Eurogroup, Jean-Claude Juncker, said...
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Luxemburger Prime minister and chairman of the Eurogroup Jean Claude Juncker launches a Eurogroup Council meeting at the EU headquarters in Brussels.
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German Finance Minister Wolfgang Schaeuble (L) speaks with Prime minister of Luxembourg and chairman of the Eurogroup Jean Claude Juncker (R) and an unidentified person (C) on February 9, 2012 before a Eurogroup Council meeting at EU headquarters in Brussels.
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President of the International Monetary Fund (IMF) Christine Lagarde (R) welcomes Prime minister of Luxembourg and chairman of the Eurogroup Jean Claude Juncker (L) on February 9, 2012 before a Eurogroup Council meeting at EU headquarters in Brussels.
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The President of the International Monetary Fund (IMF) Christine Lagarde (R) speaks with Luxemburger Prime minister and chairman of the Eurogroup Jean Claude Juncker before a Eurogroup Council meeting at the EU headquarters in Brussels on February 9, 2012. The head of the Eurogroup,...
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Luxembourg's Prime minister and head of the Eurogroup, Jean-Claude Juncker (L) speaks with Greece's Finance Minister Evangelos Venizelos (R) before a Eurogroup Council meeting at the EU headquarters in Brussels on February 9, 2012. Jean-Claude Juncker, said eurozone finance ministers...
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Reuters Pictures
Luxembourg's Prime Minister and Eurogroup chairman, Jean-Claude Juncker (L) talks with Greece's Finance Minister Evangelos Venizelos at the start of a Eurogroup meeting at the European Union council headquarters in Brussels February 9, 2012. Euro zone finance ministers and officials...
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Greek Finance Minister Evangelos Venizelos arrives for press conference after an Eurogroup Council meeting on February 21, 2012 at EU headquarters in Brussels. An unprecedented roughly 230-billion-euro (300 billion USD) bailout package agreed on February 21 will 'secure Greece's future...
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German Finance Minister Wolfgan Schaeuble gives a joint press after an Eurogroup Council meeting on February 21, 2012 at EU headquarters in Brussels. An unprecedented roughly 230-billion-euro (300 billion USD) bailout package agreed on February 21 will 'secure Greece's future in the...
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Reuters Pictures
Luxembourg's Prime Minister Jean-Claude Juncker addresses a news conference after an European Union summit in Brussels January 30, 2012. European leaders agreed on a permanent rescue fund for the euro zone on Monday and 25 of the 27 EU states backed a German-inspired pact for stricter...
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(L-R) Luxembourg Prime Minister and Eurogroup President Jean-Claude Juncker and German Federal Chancellor Angela Merkel talk before the start of a working session during a European Union summit at the EU headquarters on January 30, 2012 in Brussels. European leaders bid to close a...
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Reuters Pictures
(L-R) Luxembourg's Prime Minister Jean-Claude Juncker, his Estonian counterpart Andrus Ansip, Slovakian counterpart Iveta Radicova, Britain's Prime Minister David Cameron and Malta's Prime Minister Lawrence Gonzi pose for a family photo during an European Union summit in Brussels...
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Reuters Pictures
Ireland's Prime Minister Enda Kenny (L) talks with Luxembourg's Prime Minister Jean-Claude Juncker (R) at the start of a European Union summit in Brussels January 30, 2012. European leaders will struggle to reconcile austerity with growth on Monday at a summit due to approve a permanent...
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AP Photo
Luxembourg's Prime Minister Jean-Claude Juncker, left, speaks with Irish Prime Minister Enda Kenny during a round table meeting at an EU summit in Brussels on Monday, Jan. 30, 2012. European leaders will try to come up with ways to boost growth despite steep budget cuts across the...
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Luxembourg Prime Minister and Eurogroup President Jean-Claude Juncker arrives for a European Union summit at the EU headquarters on January 30, 2012 in Brussels. European leaders bid to close a chapter in the debt crisis today with a pact on balanced budgets, but the eurozone Achilles...
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Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker scratches his eyes during a press conference following an Eurozone meeting on February 21, 2012 at the EU Headquarters in Brussels. An unprecedented roughly 230-billion-euro (300 billion USD) bailout package agreed on...
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