Eurogroup lays out post-bailout plans for Greece

Written by on November 7, 2014 in Europe - Comments Off on Eurogroup lays out post-bailout plans for Greece

“There is strong support for a precautionary credit line in the form of an existing European Stability Mechanism tool called the ECCL – Enhanced Conditions Credit Line – and that is the path we will now further pursue and work on the conditions that will go with that,” Eurogroup president Jeroen Dijsselbloem told a news conference regarding Greece’s exit from its bailout program at the end of the year, following a Eurogroup meeting on November 6 2014.

“There is also a broad understanding the IMF needs to continue being involved and a further discussion will have to take place on the exact form of this involvement,” Dijsselbloem added.

For the full story, please click here.

Comments

comments

About the Author