Pools voorzitterschap spant zich in voor overeenstemming Raad en EP inzake aanscherping Stabiliteitspact (en) - Montesquieu Instituut

Montesquieu Instituut van wetenschap naar samenleving
Met dank overgenomen van Pools voorzitterschap Europese Unie 2e helft 2011, gepubliceerd op vrijdag 22 juli 2011.

Key decisions on the shape of the new bailout programme for Greece have been taken during Thursday’s meeting of Heads of States and Governments of Eurogroup. They also agreed other steps which should stabilise the financial markets over the next few months.

The amount of the new bailout programme for Greece has been agreed. It will comprise resources from the EFSF, International Monetary Fund and a voluntary contribution of the private sector (to the tune of €37 billion). Total commitment is expected to reach €109 billion. Additionally, in order to increase the efficiency of EFSF and the European Stabilisation Mechanism, an agreement has been reached on their increased flexibility.

The Polish Presidency welcomes the arrangements adopted on Thursday at the meeting of Eurogroup Heads of States and Governments.

The Polish Presidency supports the decision to lower the interest rate on the assistance granted to Greece (as well as Ireland and Portugal) to approximately 3.5 percent, which is consistent with the Presidency’s earlier proposals. According to the Polish Presidency, reducing the burden on the Greek economy will allow that country to gradually regain solvency along market lines, subject to Athens’ continuation of agreed structural reforms, privatisation and consolidation of public finances.

The Polish Presidency welcomes Eurogroup’s full support for the Presidency’s efforts to reach agreement with the European Parliament regarding the way the new rules of the Stability and Growth Pact’s preventive arm are voted on in the course of ‘six-pack’ negotiations. The Polish Presidency will make efforts to close the negotiations between the Council and European Parliament on this issue.

As the country currently presiding over the EU Council, Poland hopes the Eurozone countries and European Institutions will take advantage of the breakthrough reached on Thursday to secure complete stabilisation of financial markets.

Poland will support all efforts strengthening mechanisms designed to counteract economic threats in future.

Konrad Niklewicz, Spokesman of the Polish Presidency


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