EU
European Commission welcomes Eurogroup agreement on three-year ESM stability support programme for Greece
On 14 August, eurozone finance ministers reached an agreement that will provide Greece with loans of up to €86 billion under the European Stability Mechanism (ESM) over the next three years.
European Commission President Jean-Claude Juncker said: "The past six months have been difficult. They have tested the patience of policy-makers and they have tested the patience of our citizens even more. Together, we have looked into the abyss. But today, I am glad to say that all sides have respected their commitments. Greece is living up to its ambitious reform commitments agreed on 13 July. And the other eurozone countries are delivering on their promise of continued solidarity made on the same day. The message of today's Eurogroup is loud and clear: on this basis, Greece is and will irreversibly remain a member of the eurozone. And the European Commission will support Greece in developing a new and fair growth, jobs and investment perspective for its citizens."
The full statement is available in EN, FR, DE and EL.
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