Frieden Says ‘Very Strong Commitment’ Needed From Greece

Luxembourg Finance Minister Luc Frieden said a “very strong commitment” is needed from Greece toward the program of austerity measures.

“It is therefore extremely urgent that all political parties” in Greece commit to the budget-cutting program, Frieden said today at an event in Luxembourg. “I hope that all the party leaders will at the latest by Monday write to all the ministers” of finance the letter “confirming the commitments that have been set.”

“Greece also needs to realize that solidarity is not just a one-way route where we are giving money to another country,” Frieden said.

The “time has come that countries asking for assistance” are “put under certain control mechanisms,” he said.

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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