Brussels, 29/03/2010
These questions include how to judge if the market rates offered to Greece on its bonds are so high that support from the Eurozone is judged necessary; are the terms to be offered tougher or more generous than those which would have been available if this had been from the start an operation by the International Monetary Fund?; and if any EU loan would apparently be set at market rates, why should Greece apply to the EU?
Markets have nonetheless reacted positively so far to the deal and that calmness is welcome but these questions need clear and urgent replies.
The ETUC supports and will contribute to the study to be conducted by President Van Rompuy on economic government in Europe, and hope that this can be an effective spur to action to develop common, solidaristic responses to key economic issues.