Eurogroup Chairman Jean-Claude Juncker, said today that Greece has fulfilled all the conditions for receiving the second rescue package, and that the eurozone is willing to provide funds to help debt-laden country.
Juncker noted the most recent assessments of the Troika (consisting of the European Union, the International Monetary Fund and the European Central Bank) indicating that "Greece has fulfilled all the actions agreed satisfactorily."
"The Eurogroup was encouraged by the high share of private sector in the debt exchange offer in Greece, which will make a significant contribution to improving the sustainability of debt of Greece," Juncker said.
Eurogroup president made the remarks hours after the Greek government announced that an investor group that owns 85.8 percent of the private debt of Greece agreed to participate in the restructuring of debt of 206,000 million euros (about 272,000 million of dóalres USA), paving the way for Athens to receive international rescue loans.
Juncker noted the most recent assessments of the Troika (consisting of the European Union, the International Monetary Fund and the European Central Bank) indicating that "Greece has fulfilled all the actions agreed satisfactorily."
"The Eurogroup was encouraged by the high share of private sector in the debt exchange offer in Greece, which will make a significant contribution to improving the sustainability of debt of Greece," Juncker said.
Eurogroup president made the remarks hours after the Greek government announced that an investor group that owns 85.8 percent of the private debt of Greece agreed to participate in the restructuring of debt of 206,000 million euros (about 272,000 million of dóalres USA), paving the way for Athens to receive international rescue loans.
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