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EU offers Greece more money but demands reforms

EU Commission President Jean-Claude Juncker gives a joint press conference with the EU Council president on March 20, 2015 during a European Council summit at EU headquarters in BrusselsThe European Union offered Greece funds Friday to deal with what it called a “humanitarian crisis” after Prime Minister Alexis Tsipras vowed to clarify reform pledges demanded by the country’s creditors. After crisis talks between Tsipras and European leaders, EU Commission chief Jean-Claude Juncker said he was making available two billion euros ($2.16 billion) in unused EU development funds to Greece. Tension has mounted between Athens and Brussels since radical leftist Tsipras was elected in January promising to cut back on five years of austerity and renegotiate Greece’s debt arrangements.

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