European Commission, Statement, Brussels, 16 October 2014:
"Greece has made immense progress in creating a
basis for a sustainable growth model, based on sound public finances, a
more competitive economy and a robust, effectively supervised financial
sector.
This unprecedented programme of reforms and
the necessary large fiscal adjustment have entailed very difficult
choices. The Commission and the euro area as a whole have stood by
Greece throughout this process. While there is a clear need to maintain
the momentum of reform, there is strong evidence that the country has
now turned a corner.
There should be no doubt that Europe will
continue to assist Greece in whatever way is necessary to ensure
reasonable financing conditions for the Greek state and to smooth the
path back to full and sustainable market access.
To that end we will cooperate
very closely with the Greek authorities to complete the current review,
which will require a comprehensive package of ambitious reforms to be
agreed. We will work to ensure a smooth evolution of European support
for the country after the end of the current programme. We will support
Greece in reassuring lenders and financial markets of the ongoing firm
commitment to reform and to the maintenance of budgetary targets,
including a strong and adequate fiscal buffer."
http://europa.eu/rapid/press-release_STATEMENT-14-321_en.htm?locale=en
16/10/14
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