Our take on the July 11 Eurogroup statement & the latest comments by EU officials
Our take on the July 11 Eurogroup statement & the latest comments by EU officials
Greece Focus Notes
13 Ιουλίου 2011
As expected, the official statement accompanying the July 11 Eurogroup meeting contained no concrete announcements with respect to the main parameters and modalities of a new financing programme for Greece. Yet, the statement included a number of elements that signal an increasing sense of urgency among euro area policy makers over the need for “a broader and more forward-looking” policy response to assist the Greek government improve debt sustainability and, thereby , safeguard financial stability in the euro area.
