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15
February 2012
Statement by the President of the Eurogroup As announced yesterday, I convened the
Eurogroup to a conference call today in order to discuss the outstanding issues
regarding the second adjustment programme for Greece. Substantial further
progress has been made since yesterday.
First, we received the strong assurances provided by the leaders of the two
coalition parties in Greece's government. Second, the Troika finalized and
presented its analysis on the sustainability of Greece's public debt. Third,
further technical work between Greece and the Troika has led to the
identification of the required additional consolidation measures of € 325
million and the establishment of a detailed list of prior actions together with
a timeline for their implementation. Further considerations are necessary regarding
the specific mechanisms to strengthen the surveillance of programme
implementation and to ensure that priority is given to debt servicing. This will
strengthen debt sustainability further. On the basis of the elements that are currently
on the table and the above-mentioned additional input, I am confident that the
Eurogroup will be able to take all the necessary decisions on Monday 20
February.
(Released by the President of the Eurogroup)
Contact:
Guy Schuller
GSM:
(+352) 621-133-747
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