Friday, October 19, 2012

EU leaders affirmed their support for Greece’s efforts according to a statement issued by the European Council, on the first day of the meeting held in Brussels on October 18. Specifically, they welcome the progress made by Greece and the troika towards an agreement on the adjustment programme and look forward to the conclusion of the current troika review.

They also "welcome the determination of the Greek government to deliver on its commitments and commend the remarkable efforts by the Greek people. Good progress has been made to bring the adjustment programme back on track."

Addressing the summit, Prime Minister Antonis Samaras stressed that Greek people’s sacrifices are yielding tangible results with notable progress as far as fiscal and structural reforms are concerned. He also underscored that the government is concluding an agreement with the troika – the representatives of the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF) - in the coming days.