Eurogroup decided on a three-year finpodderzhke Greece from the ESM – RIA Novosti

BRUSSELS, July 16 – RIA Novosti, Maria Knyazev. The Eurogroup took a decision in principle to give Greece a three-year financial support from the European Stability Mechanism (ESM), the Eurogroup said in a statement.

“The Eurogroup welcomes the approval by the Greek Parliament of the obligations specified in the statement of 12 July EuroSummit. On the basis of a positive assessment of institutions (European Commission, the ECB, the IMF – Ed.), who decided that the authorities (Greece) made its first set of four steps in a timely manner and, in general, satisfactorily … today we have reached a fundamental decision to provide support for a three-year stabilization of Greece from the European Stability Mechanism, “- said in a statement.

Now, to begin national procedures in a number of eurozone countries, giving them the right to participate in further support of Greece. After that negotiations can begin on the specific parameters of financial assistance from the ESM.

“After the completion of the relevant national procedures and the formal decision of the Governing Council of ESM, which are expected by the end of this week, the institutions (ECB, EC, IMF – Ed. ) will be entrusted with the operational conduct of negotiations on the Memorandum of Understanding defining the conditions for the allocation of financial assistance “, – said in a statement.