Greece Must Fulfill Its Commitments ‘to the Letter,’ EU Says

Nov. 3 (Bloomberg) -- The European Union said Greece must fulfill its commitments “to the letter.”

“There is a political decision that has been taken by the euro-zone countries on the conditions under which the sixth installment will be paid out to Greece,” EU spokesman Amadeu Altafaj told reporters today in Brussels. “There musn’t be any uncertainty as to the commitment” of Greece to meet pledges made “only a few days ago,” he said.

Altafaj also said that Italy has submitted a “very important set of commitments” to tackle its budget deficit, to which the government must strictly apply.

Altafaj also said the EFSF will be discussed the “next time finance ministers meet” and they will “discuss all technical details” of the rescue fund. “It is important that this happens as soon as possible to have in place as soon as possible,” he said.

Link to Company News:{2539Z GR <Equity> CN <GO>}

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net