Finally, Greece’s euro- and other-partners came to their senses: they recognized the humanitarian crisis in the debt-ridden country and the necessity to address the problem. During a press conference with the media in Brussels, right after the EU Leaders Summit, European Commission President Jean-Claude Juncker announced that
2 billion euro will be available to Greece to boost growth, tackle youth unemployment and help with the “humanitarian crisis”
Juncker expressed optimism that “a system to tackle the humanitarian crisis will have been adopted by June.”
KTG understands that the 2 billion euro will come from “unused EU development funds” and will not be given in the loan-context.
Juncker’s announcement for help comes more or less as surprise after EC employee, middle-rank technocrat Declan Costello, director at the European Commission’s directorate for economic and financial affairs, threatened in old-Troika style
The measures of the Greek government to tackle the humanitarian crisis would be considered as a “unilateral action” by the institutions – formerly known as the Troika.
Costello represents the EU in the ex Troika and his message was to be understood with regards to Greece’s obligations towards the lenders and further funding.
Costello’s message published two days before the EU Leaders Summit triggered an outrage not only among the Greek government and the society.
European Parliament President Martin Schulz, who does not have exactly a friendly attitude towards the Greek government, said Thursday in Brussels something like No… we didn’t mean that… blah blah blah