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Eurogroup reaches agreement in principle to provide 3 years' assistance program to Greece

July 16, 2015, 16:09 UTC+3
The Eurogroup welcomed the adoption by the Greek Parliament of all the commitments specified in the Euro Summit statement of 12 July
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© EPA/KARL-JOSEF HILDENBRAND

BRUSSELS, July 16. /TASS/. The Eurogroup has reached an agreement in principle on granting 3 years' assistance to Greece as part of the European Stability Mechanism (ESM), runs a statement published on the website of the European Council Thursday.

"The Eurogroup welcomes the adoption by the Greek Parliament of all the commitments specified in the Euro Summit statement of 12 July. On the basis of a positive assessment by the institutions, which concluded that the authorities have implemented the first set of four measures in a timely and overall satisfactory manner and which confirmed that the Euro Summit statement has been included in the preamble to the implementing law adopted by the Greek parliament, we reached today a decision to grant in principle a 3-year ESM stability support to Greece, subject to the completion of relevant national procedures," the Eurogroup said in the document.

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