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EU's Barroso says now decisive moment for future of Greece, euro

(Xinhua)

09:24, February 08, 2012

BRUSSELS, Feb. 7 (Xinhua) -- European Commission President Jose Manuel Barroso said Tuesday Europe was in a very decisive moment for the future of Greece and euro as crucial debt deal talks were dragging on in Athens.

"I think all Europe has now the eyes in Athens. We are in a very decisive moment regarding the future in Greece and future of euro. We want Greece in the euro," Barroso told reporters before his meeting with his predecessor Jacques Delors.

The European Commission has made it clear from the beginning that "it is very important not only for Greece but the euro and for the European project to keep Greece in the euro," Barroso added.

His comments came as the Greek authorities late Tuesday missed another deadline to approve conditions for a second bailout program offered by the troika, namely, the International Monetary Fund, the European Union and the European Central Bank.

Before signing on the 130-billion-euro (about 172 billion U.S. dollars) package, the troika insisted the three major political parties in the Greek coalition government make firm commitment to "painful" structural reforms and austerity measures, something the parties had been reluctant to do due to strong public opposition.

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