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21 November 2011

Remarks by Herman Van Rompuy, President of the European Council, after the meeting with Greek Prime Minister, Lucas Papademos


Prime Minister Papademos reiterated the full determination of his government, supported by all political parties, to implement the programme agreed upon with the Troika.

"I reaffirmed the readiness of the euro area to continue to provide support to Greece adjustment efforts. The Eurogroup should be in a position to agree in its next meeting on the disbursement of the sixth tranche of the Greek loan.

"We are also fully supportive of the ongoing discussions between the Greek authorities and private creditors. A new programme supported by the euro area and the European Financial Stability Facility should be concluded rapidly.

"The situation is very demanding. A lot of efforts have already been done by the Greek people. However, more needs to be done to restore stability, confidence and growth. I call on all Greek political leaders to fully back this strategy.

"As regards the broader situation in the eurozone, it is clear that we are going through a difficult period. In this context, it is important that Member States adhere strictly to their commitments both in terms of fiscal policy and structural reforms to help growth and employment. At the same time, all EU institutions need to do all that is in their powers, in full respect of their mandates, to restore confidence, stability, growth and jobs.

"In accordance with the mandate I received at the Euro Summit of 26 October, I will submit an interim report in December on how to strengthen the economic union to make it commensurate with our monetary union."

Press release



© European Council


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