EU Finance Ministers must compromise with Greece to avoid renewed financial market speculation against the Euro and against the national debt of other Eurozone countries warned the European Trade Union Confederation (ETUC).
“By playing hardball with Greece, EU Ministers risk triggering renewed financial market turmoil for the Euro and for Eurozone countries national debt” said Bernadette Ségol, General Secretary of the ETUC “as well as dragging the Greek economy down.”
“The EU insists on further reform but there is not much left to deregulate in the labour market, and reducing pensions will simply drive already impoverished pensioners towards destitution.”
“It is evident that Ministers do not like the new Government’s anti-austerity message, but imposing punitive reforms on the Greek people is not the answer.”
