Greece’s Stournaras Says ERT Controversy ‘Turbulence’ to Pass

Greek Finance Minister Yannis Stournaras said he sought to assure the euro area that controversy in Greece over the closure of public broadcaster ERT didn’t signal a return to political instability.

Stournaras said fellow finance ministers from the 17-nation euro area expressed concerns at a meeting today in Luxembourg about the outcry in Greece over the government’s decision to suspend 2,600 jobs at ERT and create a new, smaller company. The finance ministry in Athens switched off the signal for the three public television channels shortly before midnight on June 11.