• Company
  • Products online
  • News terminal

Products online

  • News terminal
  • Caspian Oil & Gas Trends
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitoring
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Azerbaijan Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Outlook
  • Weekly Tenders Report
  • Azerbaijan Industry Agriculture Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finance
ORDER TRIAL VERSION

Company

  • About company
  • Trend Information Service
  • Vacancies

Communications

  • Reference
  • Achievements

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Info Services

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
  • RU
  • AZ
  • EN
  • TR
  • FA
AzerNews.Az Today.Az
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Economy
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Economy
    • Oil&Gas
    • ICT
    • Finance
    • Business
    • Tenders
    • Tourism
    • Construction
    • Transport
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Latest
  • Azerbaijan
    • Politics
    • Economy
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Economy
    • Oil&Gas
    • ICT
    • Finance
    • Business
    • Tenders
    • Tourism
    • Construction
    • Transport
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Trend Photo
  • Login
  • Sign up
  • Home
  • Economy
  • Business

US: Greek referendum shows need for rapid implementation

1 November 2011 21:42 (UTC+04:00)
  • 0
  • 0

Greece's surprise plans to submit Europe's hard-wrought debt-bailout deal to a referendum showed the need for quick action in the eurozone to execute the plan, the White House said Tuesday, DPA reported.

"The announcement (Prime Minister George Papandreou) made just reinforces the notion that ... the Europeans need to elaborate further and implement rapidly the decisions they made last week," said spokesman Jay Carney.

Papandreou's announcement of the vote sent shock waves across global markets and stunned European leaders, who called for an emergency meeting Wednesday in Cannes, where the G20 meetings are sated for Thursday and Friday.

The two-year-old European debt crisis has played havoc with markets and spawned uncertainty about the euro's future. Last week, after months of grappling, leaders in the eurozone agreed on bank recapitalizations, a beefed-up bailout fund and lender sacrifices on Greek debt.

But a Greek referendum, possibly in January, would add months of uncertainty and threatens the prospect of rejection, which could result in Greece defaulting on its debt.

Carney insisted that the US believes that "the Europeans have the capacity to deal with this crisis, and they need to implement the very important decisions they made last week to provide a conclusive resolution to it."

He said that the Obama administration has actively advised and guided Europeans as they work through the "crisis in the eurozone."

"But it is a European problem that needs to be addressed. And we will continue to work with them and consult with them as they do," Carney said.

At the G20 summit later this week, the US will be pressing Europeans for more information about the details of the debt bailout plan unveiled by European leaders last week to contain the two-year financial upheaval.

The plan calls for banks to accept a 50-per-cent loss on loans to Greece and beef up the eurozone's bailout fund to 1 trillion euros (1.4 trillion dollars).

"We are looking forward to hearing more at Cannes about the further elaboration and implementation of these elements," Lael Brainard, treasury department under secretary for international affairs said Monday.

Follow Trend on Telegram. Only most interesting and important news

Category news
Uzbekistan to bring export of fruits, vegetables to $5 B
Business 11:38
Turkmenistan’s GDP significantly rises since early 2019
Business 11:10
Iran, Japan to cooperate in education and other spheres
Business 10:43
Turkmenistan's exports of polymer products to Russia grow
Business 10:35
Turkmenistan-EU Inter-Parliamentary Meeting held in Brussels
Business 10:32
Cost of manufactured goods, services in Baku exceeded $19B in 10 months of 2019
Economy 10:00
Latest
People's artist: Tree planting campaign in Azerbaijan has become real celebration of humanism (PHOTO)
Society 12:34
Turkmenistan to open consulate general in Russia’s Kazan
Turkmenistan 12:15
Oil production to exceed 100 million tons in Kazakhstan
Oil&Gas 12:07
Turkmenistan names representative in Bureau of International Expositions
Turkmenistan 11:59
Turkmenistan's state budget revenue exceeds $5B
Turkmenistan 11:42
Uzbekistan to bring export of fruits, vegetables to $5 B
Business 11:38
Uzbekistan receives gas inflow at two wells of Kashkadarya region
Oil&Gas 11:28
Kazakh oil company announces tender for hydraulic fracturing
Tenders 11:25
Weekly review of Azerbaijani currency market
Finance 11:21
Most popular
Azerbaijani FM: First step in resolving Karabakh conflict should be elimination of its major consequences
Azerbaijani FM: First step in resolving Karabakh conflict should be elimination of its major consequences
Kazakh President to pay official visit to Germany
World Bank inks agreement with IFAS in Ashgabat
Azerbaijani, Kazakh ports to help expand potential of Caspian region
Commentary
Turkish diplomat: Armenia must fulfill 3 basic demands of Ankara to establish relations

Turkish diplomat: Armenia must fulfill 3 basic demands of Ankara to establish relations

Azerbaijani parliament needs new persons dealing with tasks more effectively - expert
Decision to dissolve parliament - breakthrough in light of reforms in Azerbaijan
Azernews Newspaper
Trend.Az
  • About
  • Our Team
  • Products online
  • Trend Information Service
  • News terminal
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2019 Trend News Agency
Terms of use