EUROPEAN COMMISSION DAILY NEWS – 13 JULY

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EUROPEAN COMMISSION DAILY NEWS - 13 JULY
13 Jul 2015

EUROPEAN COMMISSION DAILY NEWS – 13 JULY

Brussels Daily

Euro Summit finds agreement to start negotiations on support programme for Greece

In the early morning of 13 July, after seventeen hours of negotiations and after an almost equally long meeting of Finance Ministers in the Eurogroup, the Euro Summit agreed to start negotiations on a support programme for Greece under the European Stability Mechanism (ESM). This programme will be subject to strict conditions and will be accompanied by a growth and employment package in the order of €35 billion. Several parliaments, including the Greek parliament, will have to give their blessing before the formal start of negotiations. Finance Ministers will also discuss short-term bridge financing for Greece. During the press conference this morning President Juncker said: “There will not be a ‘Grexit’…I am satisfied both with form and substance of the agreement”. Access to the full press conference and comments from the Summit participants are available on EbS.

Preparation of Economic and Finance Ministers Council (ECOFIN)

On 14 July in Brussels, Vice-President Dombrovskis will participate in the meeting of the EU’s Council of Economic and Finance Ministers. The Council will discuss the next steps for strengthening the Economic and Monetary Union, on the basis of the Five Presidents’ Report, with a particular focus on measures to be taken in the short-term. Ministers will adopt country-specific recommendations addressed to the Member States and a specific recommendation to the Euro area as a whole. In addition, the Luxembourg Presidency will present its work programme for an exchange of views. A press conference will take place at the Council press room after the event with the participation of Vice-President Dombrovskis.

Read today’s edition in full:  Daily News 13 – 07 – 2015

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