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Agreement on the extension of the Greek bailout program
2/22/15
At a press conference held at the end of the meeting the President of the Eurogroup said Dislblom see that the two sides "agreed on a joint declaration."
He continued saying that the head of the group discussions Friday came as a "first stage of returning lost confidence."
And accept European official actions of both parties in recent days, from receipt of a letter from Athens, the Greek government requested the extension of the program for a period of 4 months the group.
Greece was relying initially on the extension of the financial rescue of a six-month program, but the euro-zone countries agreed to four months only.
Dislblom pointed out that the Greek authorities have agreed on a compromise in the framework of the existing agreement, and it took off from the euro group also when it agreed to show "maximum flexibility", the study and determined will return to each of the Eurogroup, and the government of Greek and EU institutions.
The president of the group that the agreement reached in Brussels will make it possible to gain time to discuss the middle acceptable solution on both sides, and a proper analysis. He said that the International Monetary Fund to join this discussion, note that the Fund has played a role in creating the desired solution. Dislblom He explained that if the process is successful, it will enable the allocation of a new batch of financial aid to Greece under the terms of the existing program.
It also recalled that the extension of the program was linked to Greece to take it upon themselves to commitments required. He stated that Athens pledged to deepen the process of reforms to improve the pace of economic growth, in addition to its pledge to refrain from any unilateral steps that would adversely affect the budget and the recovery of the Greek economy and the financial stability of priorities.
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