Addressing a seminar on “The European economy in 2011”, organised by the European Policy Centre, Buti said that certain European governments should adopt structural reforms in parallel with their austerity policies. Commenting on Greece, the EU official said the government has pledged to adhere to set targets.
He noted that the Greek people were traditionally very political and divided, however, currently “they show unity and a readiness to accept that changes must be made”.
Buti underlined the significance of creating of a permanent stability mechanism and stressed that European governments’ policies should be coherent. Finally, he said a scenario of debt restructuring for a eurozone country would not only be undesirable but also unlikely to occur in a developed country.
(ANA-MPA) M. Aroni
