国际英语新闻：Barroso urges eurozone countries to tackle root causes of debt crisis

BRUSSELS, May 11 (Xinhua) -- Eurozone countries should make additional efforts to tackle the root cause of a spreading Greek debt crisis, European Commission President Jose Manuel Barroso said on Tuesday.

"It is not just about giving money, its about asking members states or the eurozone to make additional efforts for the correction of some unbalances that still exist," Barroso told reporters Tuesday in Brussels, referring to a 750-billion-euro ( 952-billion-dollar) rescue mechanism crafted by European Union (EU) finance ministers one day earlier.

The ministers agreed Monday on the uNPRecedented rescue mechanism in a desperate bid to prevent spreading of the Greek debt crisis to other indebted eurozone countries like Spain and Portugal.

The 750-billion-euro package, designed as a safety net for eurozone countries, would include 440 billion euros in loan guarantees by eurozone governments, 60 billion euros from the EU budget and 250 billion euros from the International Monetary Fund (IMF).

Markets saluted the deal and soared on Monday, but they lost some ground on Tuesday due to concerns over the effectiveness of the rescue mechanism and a worsening economic outlook for Europe amid the debt crisis.

Marek Belka, director of European department of the IMF, warned that the rescue package may calm the markets in the short term, but it was not a long-term solution.