Referring to the issue of the piling public debt of most of the Eurozone member states, European Parliament Vice-President Dimitris Papadimoulis called on the European Commission to outline its suggestions for a definite solution to the debt issue.

Mr. Papadimoulis pointed to a recent report by the European Commission regarding the future of the Eurozone, in which the Commission expresses its worries as to the piling public debt, however without putting forth specific suggestions or solutions. “This issue is out of control, since most of the Eurozone member states, including Greece, but also bigger economies, such as those of France, Spain and Italy, are trapped in a vicious debt circle that weakens any recovery efforts”, he said adding, “Under the Maastricht Treaty, public debt cannot exceed 60% of GDP, however only seven member states are able to abide by this rule”.