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Government and ministries Media

The Eurogroup will meet to discuss Greece’s proposal

Ministry of Finance
10.7.2015 14.30
Press release

The Eurogroup will discuss Greece’s application for a new ESM programme on Saturday, 11 July in Brussels. Finland will be represented at the meeting by Minister of Finance Alexander Stubb.

As was agreed at the Euro Summit on 7 July 2015, Greece has yesterday submitted its proposal for a detailed reform agenda on which the application for a financial assistance programme for the years 2015–2018, submitted to the European Stability Mechanism (ESM), could be based.

The application submitted to the ESM by Greece will be handled in the manner required by the ESM agreement. Jeroen Dijsselbloem, President of the Eurogroup, has asked the European Commission, in cooperation with the European Central Bank and the International Monetary Fund, to present its assessment of the proposals made yesterday by Greece to the Eurogroup meeting on Saturday, 11 July 2015. The institutions are also analysing Greece’s debt sustainability and financing needs.

Following the normal procedures for preparing EU affairs, Finland’s policy for the Eurogroup meeting is prepared in meetings of the Ministerial Committee on European Union Affairs and the Grand Committee of the Finnish Parliament on 11 July 2015.

“We are waiting for the institutions’ analysis of the proposals Greece presented yesterday before we take a stand on them. The institutions’ assessments will probably be presented only during tomorrow’s Eurogroup meeting,” Minister Stubb says, commenting on the situation.


Inquiries:

Senior Adviser Pekka Morén, Ministry of Finance, tel. +358 295 530 290, [email protected]

Media arrangements in Brussels:

Press Assistant Kaisa Amaral (Saturday, 11 July), Permanent Representation of Finland to the European Union, tel. +32 473 940 394, [email protected]

Press Counsellor Leena Brandt  (Sunday, 12 July), Permanent Representation of Finland to the European Union, tel. +32 470 206 152, [email protected]

Alexander Stubb Economic Policy