Comments by EU finance ministers, officials

By @ibtimes on

Euro zone finance ministers are likely to back a bailout package for Portugal on Monday, with new conditions set by Finland.

Following are comments made by finance ministers and officials ahead of their talks.

DUTCH FINANCE MINISTER JAN KEES DE JAGER ASKED IF GREECE SHOLD GET MORE MONEY FROM THE EU/IMF:

Not at the moment because it has to perform a lot more actions: reforms, austerity packages, the privatization program should be definitely rolled out by Greece, and then we will make up our minds, but at the moment it seems that Greece is not on the right track, it should be first brought on the right track before any other decision is contemplated.

ASKED FOR HIS VIEW ON DEBT RESTRUCTURING:

Of course we discuss all kinds of topics, including restructuring, but in public we are very reluctant to debate restructuring.

FRENCH ECONOMY MINISTER CHRISTINE LAGARDE ON ABSENCE OF IMF'S DOMINIQUE STRAUSS-KAHN FROM TALKS:

I am pleased to say that the dialogue today is continuing, with the European Central Bank, the European Commission and the International Monetary Fund, which will obviously be represented here.

PORTUGUESE FINANCE MINISTER FERNANDO TEIXEIRA DOS SANTOS ON BAILOUT PROPOSAL:

I am confident the (Portuguese bailout) program will raise no big issues in our discussions this afternoon.

ON FINNISH CONDITIONS FOR APPROVING THE PROGRAMME:

I believe the program fulfils all their conditions and their concerns.

EUROGROUP CHAIRMAN JEAN-CLAUDE JUNCKER ON DISCUSSIONS ABOUT GREEK SITUATION:

We will discuss, in a non-conclusive way, Greece, and we will be informed by the IMF on Greece.

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