Olli Rehn: First the surplus and then a new debt restructuring
The representative of Olli Rehn, the European Commissioner for Economic and Monetary Affairs and the Euro, Simon O’Connor reminded on Wednesday the decision of Eurogroup on 27 November 2012 when he was asked about additional financing assistance of Greece. The decision provides that, if Greece presents a primary surplus by the end of 2013, the eurozone will examine whether it is necessary to take additional measures in order to ensure further the sustainability of public debt. However, as he stated, “we are not there and I cannot predict the future by seeing the crystal ball.”