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  • Remarks By Eurogroup President At The final Eurogroup Press Conference On 27 June 2015

    Date 27/06/2015

    Good evening everyone. I would like to report back to you about the informal ministerial meeting we had following the break-up of negotiations with the Greek authorities last night and the Eurogroup meeting earlier today. This informal meeting was held at the request of a number of ministers. We were informed by the institutions; we discussed the forthcoming expiration of the current EFSF financial arrangement with Greece and any consequences that may come from that. We discussed the strength and the preservation of the monetary union. Coming out of the financial crisis, a lot of measures have been taken, frameworks put in place, institutions have been built, which have strengthened and deepened our cooperation, and strengthened our monetary union. We are in a much stronger position, certainly more than before the crisis. Also, I would like to stress the point that all of us, euro area member states intend to make full use of instruments available to preserve the integrity and stability of the euro area, to complement any actions the ECB will take in full independence and in line with its mandate. The EFSF and ESM remain strong instruments with our full backing, as they have always been. We will take any necessary measures to further improve the resilience of our economy as an ongoing process.  

  • European Council - Council Of The European Union: Ministerial Statement On 27 June 2015

    Date 27/06/2015

    Ministers from eighteen euro area Member States and the institutions held an informal meeting to discuss the forthcoming expiration of the current EFSF financial arrangement with Greece, after the break-up of the negotiations with the Greek authorities.

  • Remarks By Eurogroup President At The Intermediary Eurogroup Press Conference On 27 June 2015

    Date 27/06/2015

    Good afternoon. Let me first make some preliminary remarks. Firstly, we have set out our conclusion in an Eurogroup statement, which will be distributed to you. Maybe you already have it. This was not agreed by the Greek representative in the Eurogroup. It was a statement by 18 ministers and you will see a footnote making it clear that the Greek representative in the Eurogroup cannot agree with this statement. Second preliminary remark, we will immediately after this press conference have a second meeting to discuss any consequences from the political conclusion just drawn and to prepare for whatever is needed to make sure that at all times the stability of the Eurozone remains at its high level.  

  • Eurogroup Statement On Greece

    Date 27/06/2015

    Since the 20 February 2015 agreement of the Eurogroup on the extension of the current financial assistance arrangement, intensive negotiations have taken place between the institutions and the Greek authorities to achieve a successful conclusion of the review. Given the prolonged deadlock in negotiations and the urgency of the situation, institutions have put forward a comprehensive proposal on policy conditionality, making use of the given flexibility within the current arrangement.  

  • Greece’s Minister Of Finance Yanis Varoufakis Tweets "Let The People Decide"

    Date 27/06/2015

    Democracy deserved a boost in euro-related matters. We just delivered it. Let the people decide. (Funny how radical this concept sounds!)

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