Eurogroup meeting: roundtable
Lieu: Luxembourg (town), Luxembourg - Council
End production: 20/06/2011 First transmission: 20/06/2011
The Finance Ministers of the euro area meet in Luxembourg for the second day to analyse the situation in Greece and to release more loans to keep Athens from default and mull the shape of a second major bailout to find a lasting solution to the debt crisis in Greece.
On Sunday evenening, ministers agreed that the required additional funding will be financed through both official and private sources and welcome the pursuit of voluntary private sector involvement in the form of informal and voluntary roll-overs of existing Greek debt at maturity for a substantial reduction of the required year-by-year funding within the programme, while avoiding a selective default for Greece.
On these conditions, Ministers decided to define by early July the main parameters of a clear new financing strategy.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Jean-Claude Juncker, President of the Eurogroup, talking to Christine Lagarde, French Minister for Economy, Industry and Employment (2 shots)
||Giulio Tremonti, Italian Minister for Economy and Finances (2 shots)
||Elena Salgado, Spanish Minister for Finances, talking to Giulio Tremonti
||Olli Rehn, Member of the EC in charge of Economic and Monetary Affaris, talking to Jean-Claude Trichet, ECB President
||Wolfgang Schauble, German Minister of Fiance, talking to Elena Salgado, Spanish Minister for Economy and Finances (2 shots)
||Christine Lagarde talking to Evangelos Venizelos, Greek Minister for Finances (2 shots)
||View of the roundtable
||Representatives from the IMF
||General view of the roundtable