Greece misses EU debt data deadline

Feb. 22, 2010 at 2:22 PM
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BRUSSELS, Feb. 22 (UPI) -- The European Union said Monday that Greece missed a deadline for handing over documents related to its debt, a worrisome sign, a research fellow said.

Cinzia Alcidi, a research fellow at the Center for European Policy Studies, said the missed deadline was "a bad signal" about Greece's ability to comply with stipulations set out in the EU's efforts to help Greece, where national debt is a growing concern.

At the same time, the missed deadline raises questions on the EU's ability to deal with non-compliant countries, a serious concern given debt in several countries is weakening the currency used by other union members where economies are recovering, the EUobserver reported Monday.

A spokesman for the the European Commission Amadeu Altafaj Tardio said, "Consequences? No, not at this point," referring to repercussions over the missed deadlines.

"Athens told us that the reason for the delay was partly due to the four-day strike which affected the ministry of finance," he said.

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