16:58 02/15 EU JUNCKER: WON'T SPECULATE ON INSTRUMENTS TO HELP GREECE
16:59 02/15 EU JUNCKER: NOT WISE TO PUBLICLY DISCUSS SPECIFIC AID TO GREECE
17:01 02/15 EU JUNCKER: GREECE WILL NOT BE LEFT TO MERCY OF MARKETS
16:46 02/15 EU JUNCKER: WE WILL RETURN TO THE GREECE TOPIC IN MID-MARCH
16:42 02/15 EU JUNCKER: GREECE NEW MEASURES ON MAR 16 IF RISKS MATERIALIZE
16:40 02/15 EU JUNCKER: GREECE SHALL ANNOUNCE ADDITIONAL MEASURES MARCH 16
17:01 02/15 EU JUNCKER: WE ARE DOING ALL WE CAN ON GREECE
16:47 02/15 EU JUNCKER: IT IS UP TO GREECE TO CUT ITS BUDGET DEFICIT
and the ever ready:
16:47 02/15 EU JUNCKER: EUROZONE STANDS READY TO ACT IF GREECE NEEDS
Uhm, they need it bud. Like yesterday.
Translation: "that whole "bail out" thing... we were keeeeeding. Oh, but don't short Greece. That's not cool. You see we all have our collective head up our collective behind and we think it will all sort itself out if we just keepn on doing nothing."
From Market News:
He said the Eurogroup was specifically focused on the deficit target for this year - namely the reduction of red ink by 4 percentage points of GDP. If in a month's time there appears to be slippage, "we will then ask Greece, and Greece will agree, it has already agreed," to pose additional measures, Juncker said.
"Were we to have the impression that the Greek government could not meet that target, then the Greek government has agreed they would take additional measures, and we would discuss those measures at our meeting in mid-March," Juncker said.
Juncker said any new measures would be negotiated with the European Commissioner for Economic and Monetary Affairs, Oli Rehn, and his staff.
He said the Eurogroup would then impose those measures on Greece using a vote in which Greece would not be able to participate.
Asked if he thought the statement would satisfy the financial markets, which are looking for a firmer support plan for Greece, he replied that the markets are wrong to attack Greece.