Europaudvalget 2011-12
Det Europæiske Råd 1-2/3-12 Bilag 7
Offentligt
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Brussels, 2 March 2012
SN 1670/2/12
REV 2
Statement Euro area Heads of State or Government
Euro area Heads of State or Government appointed Herman Van Rompuy as President of the Euro
Summit.
They welcome the progress made on the new Greek programme, and notably the agreement reached
by the Eurogroup on the policy package and the offer made to private creditors. The objective of the
programme is to put the Greek economy back on a sustainable footing, to ensure debt sustainability
and restore competitiveness. They also welcome the legislation on the agreed prior actions by the
Greek authorities which will enable the formal adoption of the programme in the coming days.
SN 1670/2/12 REV 2
1
EN
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Further strengthening of Greece's institutional capacity and enhanced on-site monitoring are
essential for the full implementation and the success of the second Greek program. Therefore, Euro
area Heads of State or Government support the actions being taken by the Commission to
strengthen its presence in Greece in order to improve the monitoring of the programme and the
provision of technical assistance through the work of its Task Force. They also support the concrete
and specific measures to enhance growth outlined by the Prime Minister of Greece and the
President of the Commission, including EU structural fund support for key infrastructure projects,
and measures to improve the business environment, boost liquidity for SMEs and promote
employment and training.
They confirm their commitment to re-assess the adequacy of the overall ceiling of the EFSF/ ESM
by the end of the month. In addition, they agree to accelerate, in full respect of national
parliamentary procedures, the payment of the paid-in capital for the ESM, starting with the payment
of 2 tranches in 2012. A revised timeframe for the payment of the remaining tranches will be agreed
upon by the end of the month
1
.
Euro area Heads of State or Government recall their determination to do whatever is needed to
ensure the financial stability of the euro area as a whole, and their readiness to act accordingly.
1
The Prime Minister of Slovakia indicated that her government does not have a mandate to
make such a commitment.
2
SN 1670/2/12 REV 2
EN