EUROZONE PORTAL latest..

• 07/11/2014

  Press release - 3343rd Council meeting - ECONOMIC and FINANCIAL AFFAIRS, Brussels, 7 November 2014 (provisional version) (English)
  

• 07/11/2014

  Presidency conclusions on the budgetary issues in the current year and on the request to the Commission to submit a proposal for amendment of Regulation (English)
  

• 05/11/2014

  Insurance mediation: Council sets out its position (English)
  

• 07/11/2014

  Council conclusions on the ESFS Review (English)
  

• 07/11/2014

  President Herman Van Rompuy congratulates Boïko Borissov on his election as Prime Minister of Bulgaria (English)
  

• 07/11/2014

  Weekly schedule of President Van Rompuy (English)
  
  

  Eurogroup supports precautionary credit line for Greece

  06/11/2014 - News

  On 6 November the Eurogroup ministers in Brussels discussed the follow-up to Greece's economic adjustment programme. They supported granting Greece a precautionary credit line.

  The discussion on the follow up to Greece's economic adjustment programme took place after Gikas Hardouvelis, the Greek Minister of Finance, had set out the Greek government's position.  
  In the light of fragile market sentiment and challenging reforms in the pipeline, ministers strongly supported a precautionary credit line to be extended to Greece. This could be done through a European Stability Mechanism Enhanced Conditions Credit Line (ECCL) once the current programme has ended. 
  The credit line would support Greece's efforts to regain full market access and build upon the achievements of the current programme. The details of the credit line and attached conditions will be determined in the coming weeks on the basis of the final review of the current programme. Ministers agreed that the IMF should continue to be involved.
  

  Reforms progress in Cyprus 

  Ministers welcomed the progress made by the Cypriot authorities towards establishing an effective legal framework for private debt restructuring. This should pave the way for the completion of the fifth review of the Cypriot programme. 
  

  Commission presents autumn forecast

  Eurogroup took stock of the economic situation on the basis of the Commission's autumn forecast. The ministers considered the loss of growth momentum unsatisfactory. They reiterated the need for a credible mix of sound fiscal policy, structural reforms and increased investment. All agreed on the need to further improve the economic governance of the euro area.
  The Eurogroup will discuss the Commission's opinions on draft budgetary plans in a dedicated meeting later this year. 
  The next scheduled Eurogroup meeting is on 8 December 2014.
  
  06/11/2014 Eurogroup supports precautionary credit line for Greece
  On 6 November the Eurogroup ministers in Brussels discussed the follow-up to Greece's economic adjustment programme. They supported...
  06/11/2014 Press remarks by J.Dijsselbloem following the Eurogroup meeting of 6 November 2014
  Good evening and welcome to this Eurogroup press conference. We had a productive meeting, to which we welcomed a number of new...
  05/11/2014 Statement by the Commission and the ECB following the 1st post-programme surveillance mission to Portugal