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European Union/Greece

Published on August 18, 2015
Communiqué issued by the Ministry of Finance and Public Accounts
Paris, August 14, 2015

An agreement was reached in the Eurogroup this evening on the implementation of a European Stability Mechanism programme for Greece.

The programme is based on a package of ambitious reforms defined by Greece and the institutions to encourage a return to growth and competitiveness.

In recent weeks, the Greek government has shown its profound determination to implement the reforms necessary for the country’s economic, financial and social recovery.

Since the beginning of the discussions, France has always believed that Greece’s place is in the Euro Area, provided that compliance with the European rules is guaranteed.

It has spared no efforts to narrow differences between views and enable an agreement to be reached.

Michel Sapin states: “This agreement is a success for Greece and for Europe. France is proud to have made a useful contribution to it through the dialogue [it has] always maintained with its European partners”./.

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