Eurogroup statement on the ESM programme for Greece

EU News 224/2015

14/08/2015

The Eurogroup welcomes the agreement that has been reached between Greece and the European Institutions, with input from the IMF, on the policy conditionality underlying the new ESM macroeconomic adjustment programme. The Eurogroup commends the Greek authorities for their demonstrated strong commitment as shown by the normalisation of the working methods with the Institutions and the conduct of the negotiations in a determined and swift manner. This agreement is in line with the parameters and key objectives set by the Euro summit on 12 July and provides a comprehensive framework for restoring the Greek economy to a sustainable path.

The Eurogroup welcomes the wide scope of the policy measures contained in the Memorandum of Understanding (MoU), which, if implemented with determination, will address the main challenges facing the Greek economy. We are confident that decisive and as swift as possible implementation of the reform measures as spelled out in the MoU will allow the Greek economy to return to a sustainable growth path based on sound public finances, enhanced competitiveness, high employment and financial stability.

Source and additional information:
http://www.consilium.europa.eu/en/press/press-releases/2015/08/14-eurogroup-statement/

Extraordinary Eurogroup meeting on Greece. From left to right: Mr Valdis DOMBROVSKIS, Vice President of the European Commission; Mr Jeroen DIJSSELBLOEM, President of the Eurogroup; Mr Klaus REGLING, European Stability Mechanism Managing Director. Shoot location: Brussels - BELGIUM Shoot date: 15/08/2015 (C)EU, 2015 URL

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