Conclusions of the Eurogroup Meeting

25^th June 2012

On 21st June the 17 euro zone Economy and Finance Ministers declared that they were expecting Spain to "establish its formal request for financial assistance by 25th June". They also listened to the conclusions of the IMF's annual assessment of the euro zone's budgetary and financial situation and declared that they "were mostly in agreement" with these conclusions. Moreover they took "note" of the "determination" of the new Greek authorities to "stay with the euro and honour the commitments made by Greece with regard to the EU and the euro zone." Finally ministers discussed Portugal's budgetary and financial situation as well as the preparation for the launch of the European Stability Mechanism.

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