European Council 25 – 26 March
"We have solved this in the European family"
"25 March 1957 was the official birth of the European Community. And it is also the national day of Greece. I am really happy that we can commemorate in such a way both Greece and the European Community, the European Union," stated president Barroso following the agreement reached by the euro area members on Greece. While reiterating that the mechanism "is not a substitute for financial discipline", Barroso argued that it "offers a solid safety net for Greece and provides stability for the euro zone".