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Juncker announces €2billion EU funding to tackle Greece’s humanitarian crisis

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

 

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8 comments

  1. This a bad sign.

    The EU seems to prepare for a Greek default.

  2. I see it as Juncker acting as if he has a conscience. Whether he has one or not is unimportant, as long as he acts as if he does.

    At l0ng last, official recognition of the humanitarian crisis and doing something about it. A couple of years late, but better late than never.

    • These are the funds for the COMING humanitarian crisis after the default which is obviously a realistic scenario for the EU comission.

      Of course, you can also think that Juncker has become a SYRIZA fan over night…

      Decide on your own.

  3. 2000000000 EURO’S
    EQUALS
    2783590699.75 AUSTRALIAN DOLLARS.

    TWO BILLION EURO IS SO GENEROUS – TO TACKEL GREECES HUMANITARIAN CRISIS.
    COFFEE MONEY BUT NOT ENOUGH FOR A BISCUIT EACH.
    WELL DONE MR. YANNIS VAROUFAKIS SIR. !!!

    THE HONORABLE JOSEPH BENEDICT HOCKEY, FEDERAL TREASURER OF AUSTRALIA GAVE THE RESERVE BANK OF AUSTRALIA A GIFT OF 9 BILLION DOLLARS.
    A GIFT OF 9000000000 A$.

    The Telegraph – 15 July 2014:
    Jean-Claude Junker, President of EU Commission: “When it becomes serious, you have to lie”.
    On the introduction of the euro: “We decide on something, leave it lying around & wait to see what happens. If no one kicks up a fuss, because most people don’t understand what we have decided, we continue step by step until there is no turning back”.
    On eurozone economic policy & democracy: “We all know what to do, we just don’t know how to get re-elected after we have done it”.

    WELL DONE TO THE GREEK POLITICAL ARENA –
    SOMEONE SHOULD INVSETIGATE JEAN-CLAUD JUNKERS BUSINESS INTERESTS & INVESTMENTS TO MAKE SURE THAT HE IS NOT IN A SITUATON OF “CONFLICT OF INTEREST” WHICH CONSTITUTES FRAUD & A CUSTODIAL SENTANCE IF FOUND.

    • What is with you and incoherent “yelling”?

      • are you talking to be ?
        hi !
        do you mean the capital letters ?
        WHAT – you don’t like them ?
        capital letters are not yelling
        it’s all in your head man
        capital letters are just that – capital letters
        just another form of writing

        I like to be creative with my diologue
        is that okay with you
        seeing as we don’t know each other at all
        ISE I MANA MOU MIPOS – ARE YOU MAY MOTHER OR SOMETHING
        AKOU TON ANTHROPO PAY NA MUS VALI TA 2 POTHIA SE ENA PAPOUTSI
        LISTEN TO IT IT IS TRYING TO PUT BOTH MY FEET INTO ONE SHOE
        what is it to you anyway
        what are you the communications POLICE ?
        aDOLF hITLER ?
        GET OVER YOURSELF & mind you own business
        I also have an eye condition

        • keeptalkinggreece

          capital letters in comments section are VERY disturbing, how much more when it’s a mixture of English + Greeklish or they refer to issues in Australia we have no idea about – and we most likely do not fancy to get one.