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Commission Welcomes Agreement Reached at the Eurogroup on Greece

The European Commission welcomes the breakthrough agreement reached at last night’s Eurogroup meeting in Luxembourg, which will act to restore confidence in Greece’s recovery, boost growth and investment and allow the country to meet its financing needs. President Juncker personally played a crucial role in facilitating this final agreement, with Vice-President Dombrovskis and Commissioners Moscovici and Crețu. It represents an acknowledgment that Greece has delivered on its commitments by adopting a significant reform package. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs said: “This is truly good news. After months of discussions, we have reached a comprehensive agreement that will allow Greece to turn over a new leaf after a very difficult period for the Greek people. Last night’s success was made possible by all partners taking their responsibilities and acting in the general interest.”  The Commission put forward a set of measures to mobilise up to €35 billion for the period 2014-2020, under various EU funding programmes, €11 billion of which has already been received. The Eurogroup statement on Greece is available here. Economic and Financial Affairs Council results.