Bloomberg News

Venizelos Says Feb. 21 Decisions Means Greece Tied to Euro Area

February 22, 2012

Feb. 22 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said yesterday’s decision by euro area finance ministers to approve a second rescue package for the country bound Greece to the euro and the euro area.

“The Brussels agreements are of historic significance,” Venizelos said in an interview on Athens-based Mega TV today. “We are now tied to the euro.”

Venizelos, who said European Union partners had committed to support Greece even after 2015, said there was “no longer an issue of bankruptcy or the collapse of the Greek economy.”

A writedown of Greece’s debt, which is part of the second package, should’ve been broached much earlier, he said.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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