Our take on the July 11 Eurogroup statement & the latest comments by EU officials | Eurobank
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Our take on the July 11 Eurogroup statement & the latest comments by EU officials

As expected, the official statement accompanying the July 11 Eurogroup meeting contained no concrete announcements with respect to the main parameters and modalities of a new financing programme for Greece. Yet, the statement included a number of elements that signal an increasing sense of urgency among euro area policy makers over the need for “a broader and more forward-looking” policy response to assist the Greek government improve debt sustainability and, thereby , safeguard financial stability in the euro area.