Barroso stressed that if there were an easier route out of the crisis, it would have been taken. But there is not. The only way for Greece to return to growth and create jobs in a sustainable way is to restore competitiveness and put its public finances on a solid footing.
Barroso also said that this is the route Greece has embarked upon, with the European Union's full support and solidarity.
He trusts that the new Greek government will receive the confidence of parliament. But the crucial vote will be at the end of June with the decision on the ambitious package of further fiscal measures and privatisations put forward by Prime Minister Papandreou's government, and agreed with the EU and the International Monetary Fund. Approval of this package is a necessary condition for the Eurogroup to be able to agree early in July on the disbursement of the next tranche of financial support to Greece.
Press release
© European Commission
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