Juncker lashes out against the IMF over contingency measures
The President of the European Commission Jean-Claude Juncker underlined that the Greek people cannot endure any further…
The President of the European Commission Jean-Claude Juncker underlined that the Greek people cannot endure any further measures and called for a Eurogroup meeting, at Wednesday’s College of Commissioners.
Aside from measures worth 5.4 billion euros, which are included in the July 2015 agreement between Greece and its creditors, the IMF has called Greece to enact an additional series of contingency measures worth 3.6 billion euros, in case fiscal targets for 2018 are not met.
Mr. Juncker was highly critical of the International Monetary Fund’s stance and for demanding the contingency measures, which he argue are ‘unreasonable and unconstitutional’. The European Commission chied stressed that no House of Parliament in the world would accept them.