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Greek crisis could have been avoided: Juncker

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(WASHINGTON) - Eurogroup chief Jean-Claude Juncker said Friday that Greece's financial woes were well known among top EU officials but kept quiet until the crisis erupted last year.

"It was quite obvious that one day Greece would have to face this kind of problem, and we knew that this problem would occur," Juncker told a forum on the sidelines of the International Monetary Fund and World Bank meetings in Washington.

Juncker said German and French officials along with European Central Bank chief Jean-Claude Trichet had for some time been discussing "the perspectives of what was not at that time known as so-called Greek crisis."

"I could not go public with the knowledge that I had," he added.

"The Greek crisis could have been avoided, but not starting last year, starting two or three decades ago," the European finance ministers chief said.

Juncker said he tried at one point to seek a solution to the problems with an unnamed Greek prime minister who told him: "I am governing a country of corruption."

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A crime against the European Ctizens

Posted by Giorgos Vamvakousis at 11 October 2010, 14:41 CET
Germany and France culpability about Greece's deficit is confirmed by the Eurogroup President Mr Juncker.
Germany and France have been only interested to sell to the Greek corrupted politicians at overdrafted prices. This way they created a problem not only to Greece but to the Euro and to their own countries Citizens too. A problem to the Eurozone and to the European Union.
Mrs Merkel and Mr Sarkozy are fully responsible for the problem and should be put in trial as political criminals.
We should not forget that who is corrupting somebody else, he is corrupted too.

Responsible attitude ?

Posted by Giorgos Vamvakousis at 11 October 2010, 15:18 CET
"I could not go public with the knowledge that I had," Mr Juncker added.
Is it a responsible attitude ?
I wonder !

Kaiadas (the fall where the Spartans were rejecting problematic youg born babies)

Posted by Giorgos Vamvakousis at 12 October 2010, 09:57 CET
I sent following message to one of my economist friends:
"OK my friend, you are a new economist not probably enough experienced. I wonder nevertheless about your more experienced Greek colleagues: They could not see the coming problem ?
I have to suppose 2 cases, or they were serving the corrupted system or they were morans.
In both cases Kaiadas is awaiting them !"

Euro Banknotes

Posted by Giorgos Vamvakousis at 16 June 2011, 13:26 CET
In all banknotes I know in the world there is an authority (usually the Central Bank of each country) who guarantees its value. On the Euro Banknotes I see a signature but ANONYMOUS.
Who is guaranteing the value of my Euro Banknotes ?
Mr Juncker could probably reply to me.