Portuguese Jose Manuel Barroso

To the President the EU Executive this harassment reflects the concern about systematic capacity for responding to the debt crisis. New features of the Fund European stability have yet to be approved by the Governments of the eurozone. Barroso ensures that it will be by way of the urgency. The President of the European Commission, Portuguese Jose Manuel Barroso, has called this Wednesday of unwarranted pressure on Italian and Spanish debt markets. In a statement, Barroso said that the developments in Italy and Spain sovereign debt markets are cause for deep concern and that these events are clearly unjustified taking into account the economic and budgetary principles that are taking steps to strengthen these foundations. According to the President of the EU Executive, tensions reflect a growing concern of investors about the systematic capacity of the eurozone to respond to the crisis of debt in course. The second bailout to Greece is unique Barroso has stressed that the solution for the second bailout to Greece, which agreed the js of State and Government last July 21, is unique, and noted that the involvement of the private sector in the programme would not be a standard formula. As the European financial stability Fund agreed new functions are not clearly articulated and 17 States of the euro zone must ratify them, the date on which the European Union can do ctive new powers is not yet in sight. Barrroso has ensured that the technical work is underway and will be completed by way of the urgency. The agreement of the past 21 grants more powers to the Fund so that it can act to prevent, finance the recapitalization of banks through loans to Governments and intervene in the secondary markets in exceptional circumstances and in consultation with the European Central Bank. Source of the news: Barroso describes as “unjust” the pressures on debts Italian and Spanish