15 October 2018

Europe has provided Greece with €245B in funding

27 June 18 | Benoit Coeure
Benoit Coeure



Consultant - GREECE

Solum Property Solutions

Consultant - GREECE


Public entity - GREECE

IBI Group

Consultant - GREECE


Antulio Richetta

Director IBI Group
Benoit Coeuré, Member of the Executive Board of the European Central Bank (ECB), said in an interview with French newspaper Le Figaro that the sacrifices of Greek society have borne fruit.


"This is a turning point for Greece and Europe. Greece is now free from European surveillance.

The sacrifices of Greek society, supported by European solidarity, have borne fruit. For those who have doubts about this solidarity, I would like to emphasize that Europe has provided Greece with 245 billion euros in funding", Coeure said.

"I particularly admire the determination and courage of Greek Finance Minister Euclid Tsakalotos. Greece will also get a clear boost from the debt relief promised by European governments for a long time. The ECB was clearly in favor of this relief.

The measures decided in the Eurogroup are in the right direction because they will make the Greek debt sustainable in the medium term and the ministers expressed their willingness in the long term to take further action if the need arises," he said.


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