Monday, June 20, 2011
Newly-appointed Finance Minister Evangelos Venizelos attended his first Eurogroup meeting - an extraordinary meeting of Eurozone finance ministers, held in Luxembourg yesterday. As he headed into the meeting Venizelos said: "We can achieve the targets thanks to the efforts of the people and to the cooperation and support of our partners".
Eurozone ministers met in Luxembourg to discuss the issue of Greek debt and a new support package for the Greek economy.
In the early hours of Monday, the Eurogroup issued a statement in which it is said that, "[m]inisters took note of the debt sustainability assessment prepared by the Commission and the IMF. The assessment showed that debt sustainability hinges critically on Greece sticking to the agreed fiscal consolidation path, the plans of collecting €50 billion in privatization proceeds until 2015, and the structural reform agenda which will promote medium-term growth."
In the early hours of Monday, the Eurogroup issued a statement in which it is said that, "[m]inisters took note of the debt sustainability assessment prepared by the Commission and the IMF. The assessment showed that debt sustainability hinges critically on Greece sticking to the agreed fiscal consolidation path, the plans of collecting €50 billion in privatization proceeds until 2015, and the structural reform agenda which will promote medium-term growth."
The ministers decided to define by early July the main parameters of a clear new financing strategy and called upon all political parties in Greece to support the programme’s main objectives and key policy measures to ensure a rigourous and expeditious implementation.
