Tuesday, February 8, 2011

Papakonstantinou holds talks with Eurogroup president

Finance Minister Yiorgos Papakonstantinou held a meeting on Tuesday with visiting Eurogroup president Jean-Claude Juncker. No statements were made afterwards, but according to reports the meeting focused on issues that will preoccupy the next Eurogroup and Ecofin councils, such as the issue of the resources of the European Monetary Stability Fund, the widening of its functioning and the Franco-German "Competitiveness Accord." 
 
Finance ministry sources also revealed that Juncker was very supportive in all issues, while realising that decisions must be taken as soon as possible regarding the extension of the debt, the size of the support mechanism and flexibility for handling the debt crisis in the eurozone. 
 
An initial discussion will be held at the Eurogroup and Ecofin councils on February 14, while final decisions will be taken in the March councils that will be ratified by the summit. 





source: ANA