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24 June 2011

European Council urged Greece to finalise key laws on fiscal strategy and privatisation


The euro area Heads of State agree that required additional funding for Greece will be financed through both official and private sources.

They endorse the approach decided by the Eurogroup on 20 June as regards the pursuit of voluntary private sector involvement, in the form of informal and voluntary roll-overs of existing Greek debt at maturity for a substantial reduction of the required year-by-year funding within the programme, while avoiding a selective default.

Full conclusions


© European Council

Documents associated with this article

EU council conclusions - 24 June.pdf


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