Eurogroup President Skips Bulgarian Visit over Greek Debt Crisis
Bulgaria in EU | July 17, 2011, Sunday // 19:15| views
Luxembourg Prime Minister Jean Claude Juncker (L) greets Deutsche Bank CEO Josef Ackermann (R) prior their meeting in Luxembourg, 14 July 2011. EPA/BGNES
Eurogroup President and Luxembourg PM Jean Claude-Juncker has put off his planned visit to Bulgaria for the time being because the emergency euro zone meeting over Greece's sovereign debt crisis.
Juncker was supposed to be in Sofia on July 18 and 19, 2011, the press service of the Bulgarian government said.
However, he will now have to attend an emergency summit on Thursday in Brussels of the leaders of the 17 euro zone countries at which they will attempt to forge a deal on a second bailout for Greece's sovereign debt crisis.
The Eurogroup, i.e. the meeting of the Finance Ministers of the EU states that use the common currency, the euro, and its President, were formalized by the Lisbon Treaty in 2009.
After it was granted an EU-IMF bailout in May 2010, according to the EC, Greece is now said to need another EUR 115 B to keep it afloat until mid-2014.
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