EU leaders have urged Greek politicians to unite behind tough new austerity plans. It comes on the second day of what has been described as a “frustrating” EU Summit in Brussels – dominated by the Greek debt crisis.
European Commission President Jose Manuel Barroso said: “On Greece, we have once again shown that we find agreement when agreement is needed. It was important because we have shown that our new way of dealing with the European economy is working.
“We spent most of last night’s session discussing the challenges member states and the European Union as a whole face. We did this with an openness and frankness that I have not seen before. I expect this shift to now be reflected in the national implementation. We conclude the European semester and now we enter in the implementation of guidelines that were commonly agreed.”
Everything now hinges on the Greek parliament’s next austerity vote – set for June 29 and 30. If the 28-billion-euro cuts package is passed, Greece will get the next 12-billion-euro instalment from the EU-IMF bailout fund.
If not, it will default on its debt.