After the ESM conference call on financial assistance for Greece: Remarks by J. Dijsselbloem

EU News 226/2015

19/08/2015

Today, we, countries in the eurozone have mandated the ESM to make up to the maximum of €86 billion available to finance Greece. Of course this programme for the coming three years goes with strict conditions, aiming at:

- Setting right public finances and administration; and

- Dealing with the economy and problems in financial sector.

I am glad to say that the Greek government has already taken some credible first steps. A lot of work will still have to be done to stabilize the economy in Greece for the return of confidence both in Greece and in within the eurozone.

We have a lot of work to do in the coming years but I think that the decisions taken in the last couple of weeks and especially today are a big step in that direction.

Source and additional information:
http://www.consilium.europa.eu/en/press/press-releases/2015/08/19-jd-remarks-esm-greece/

File Photo: Mr Jeroen DIJSSELBLOEM, President of the Eurogroup. Shoot location: Brussels - BELGIUM Shoot date: 15/08/2015 (C)EU, 2015 URL

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