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Juncker: Greece Offered Example To Argentina

wochit politics
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August 04, 2014 AT 6:12 AM
Greece's recent efforts to get its public finances into shape could have been the model for recently defaulted Argentina to follow. That's the view of Jean-Claude Juncker, the man who is due to take over the European Union's executive branch in November. After talks with Greek Prime Minister Antonis Samaras in Athens, Juncker said the reforms carried about by the country over the past few years could have served as a model for Argentina, which last week defaulted on its debts for the second time since 2001. In his first trip abroad since being elected to head the European Commission, Juncker praised Greek efforts to improve public finances, and insisted that he played a key role in keeping the country in the euro currency zone. Greece is poised to soon emerge from its savage six-year recession. Four years ago it nearly went bankrupt and required billions in rescue loans from the eurozone and the International Monetary Fund.