The continuing stand-off between the eurozone and Greece over its debt could lead to a "full blown crisis", George Osborne has warned.
The Chancellor made his comments as eurozone finance ministers prepare for crunch talks later on whether to extend the EU loan programme to Greece.
Athens wants more cash for an extra six months but without strict austerity conditions attached.
Mr Osborne said: "What you see now in this stand-off between the eurozone and Greece is the risk of a full blown crisis which would do real damage to the European economy - and is a risk to Britain.
"We need the eurozone to find a common solution and here at home we need to go on working through our economic plan which has kept us safe".
Greece says the EU has "just two choices" when it comes to Athens' request - accept it or reject it.
But Germany has already rejected it, saying it was "no substantial proposal for a solution" and "does not meet the criteria".
A separate German representative was quoted as saying the Greek offer "rather represents a Trojan horse, intending to get bridge financing and in substance putting an end to the current programme".
Portugal, which like Greece took a bailout from its eurozone partners and the International Monetary Fund, was the latest nation to back the German position early on Friday ahead of the emergency meeting in Brussels.
The country's new anti-austerity government is seeking a compromise to break the deadlock with European creditors, especially the euro's paymaster, Germany, as it runs the risk of running out of cash and defaulting on its debts without agreement.
It has ruled out the prospect of any deal under the terms of its previous rescue because of its mandate from the Greek people who swept the anti-austerity Syriza party to power last month.
The details of the Greek request were not made public but the letter pledged to honour all Greek debts and not take unilateral action that would undermine agreed fiscal targets.
The government of Alexis Tsipras blames the conditions attached to its bailout of hampering the country's recovery and leading to a deterioration of living standards.
Unemployment remains at more than 25%.
On Monday, the government rejected a plan to extend its current €240bn (£178bn) bailout deal, describing it as absurd.
Eurozone finance ministers had given Greece until Friday to request an extension of its current austerity and reform programme.
Anda sedang membaca artikel tentang
UK Warning As Germany Rejects Greek Loan Plan
Dengan url
http://badutjayus.blogspot.com/2015/02/uk-warning-as-germany-rejects-greek.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
UK Warning As Germany Rejects Greek Loan Plan
namun jangan lupa untuk meletakkan link
UK Warning As Germany Rejects Greek Loan Plan
sebagai sumbernya
0 komentar:
Posting Komentar