EUROGROUP WARNS GREEK SOVEREIGNTY

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STORY: EUROGROUP WARNS GREEK SOVEREIGNTY DATELINE: July 4, 2011 LENGTH: 0:02:23 LOCATION: Athens PKG Intro: Eurogroup cautions that Greece may face severe restrictions on its sovereignty and significant losses of jobs. The warnings came after finance ministers have agreed to release a further 17 billion U.S. dollars to the debt-ridden country. Pkg: Eurogroup chairman Jean-Claude Juncker warns that help from the EU and International Monetary Fund would "massively" limit the sovereignty of Greece. Juncker says quote, "One cannot be allowed to insult the Greeks. But one has to help them." He adds that expertise from the euro zone would be heading to Athens. Greeks are acutely sensitive to any infringement of their sovereignty or suggestions of foreign "commissars" getting involved in running the country. The Greek parliament voted last Thursday to set up a privatization agency under austerity plans. The move have provoked violent protests on the streets of Athens. Despite str Powered by www.newslook.com Producer : Xinhua News Agency

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