Euro lower on Greece concerns…

Monday, 6 February 2012 03:53

According to Jean-Claude Juncker UE can’t rule out possibility of Greek default. Greece can’t expect further solidarity and support from Euro zone countries if fails to agree on reforms expected from UE.

UE officials claim that Greece already passed a deadline for decision whether they are ready to accept bailout packet in a form offered by UE.

The government is claiming that there was no deadline given for decision.

UE is expecting among anther reforms: series of privatization, fight with high corruption, lower minimal wage, liberalization of labor law.

If Athens fails to reach deal for 130 billion euro bailout they are risking default.