Statement By The President Of The Eurogroup - Greece

As announced yesterday, I convened the Eurogroup to a conference call today inorder to discuss the outstanding issues regarding the second adjustment programme for Greece. Substantial further progress has been made since yesterday. First, wereceived the strong assurances provided by the leaders of the two coalition parties inGreece's government. Second, the Troika finalized and presented its analysis on the sustainability of Greece's public debt. Third, further technical work between Greeceand the Troika has led to the identification of the required additional consolidation measures of € 325 million and the establishment of a detailed list of prior actions together   with   a   timeline   for   their   implementation. Further considerations  are necessary regarding the specific mechanisms to strengthen the surveillance of programme implementation and to ensure that priority is given to debt servicing. This will strengthen debt sustainability further. On the basis of the elements that are currently on the table and the above-mentioned additional input, I am confident that the Eurogroup  will  be  able  to  take  all  the  necessary decisions  on  Monday 20 February.