Tuesday, October 9, 2012
The European Stability Mechanism (ESM) is now operational, Eurozone Finance Ministers announced at a meeting held yesterday in Luxembourg.
With regard to Greece, the ministers said that the next move was expected from the troika of international creditors, once negotiations over the €13.5-billion austerity package have been completed.
Eurogroup head Jean-Claude Juncker praised the Greek government’s efforts and determination [VIDEO], urging it to continue with the implementation of necessary measures in order to get the programme back on track, before the next European Council meeting on October 18.
With regard to Greece, the ministers said that the next move was expected from the troika of international creditors, once negotiations over the €13.5-billion austerity package have been completed.
Eurogroup head Jean-Claude Juncker praised the Greek government’s efforts and determination [VIDEO], urging it to continue with the implementation of necessary measures in order to get the programme back on track, before the next European Council meeting on October 18.