Printer Friendly

Greece can make it if follows agreed plan-euro zone finmins.

BRUSSELS, Rajab 6, 1432 / Jun 8, 2011, SPA -- Euro zone finance ministers said in a statement on Wednesday that Greece could return to fiscal sustainability if it strictly implements economic and financial policies agreed with the EU, the IMF and the European Central bank, according to Reuters.

The statement came after ministers from the 17 countries using the euro, called the Eurogroup, discussed the conclusions of a report on Greece by a joint mission to Athens of the IMF/ECB and the European Commission.

"A Eurogroup conference call took place this afternoon to exchange views on the assessment of the Troika following the conclusion of its fourth review mission to Greece," the statement said.

"The Eurogroup welcomed the staff-level agreement with the Greek authorities on a set of economic and financial policies needed to meet the programme objectives," the statement said.

"We share the view expressed by the Troika that strict implementation will help restore fiscal sustainability, safeguard financial stability and boost competitiveness," it said.

--SPA 22:50 LOCAL TIME 19:50 GMT

All Rights Reversed for Saudi Press Agency

Provided by an company
COPYRIGHT 2011 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Saudi Press Agency (SPA)
Geographic Code:4EUGR
Date:Jun 9, 2011
Previous Article:Identity of infiltrator across the border with Yemen who was killed in action revealed.
Next Article:Fitch warns of possible downgrade of US credit.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters