Vice President Rehn after EU finance ministers and officials meeting in Brussels
ON GREEK DEBT TALKS:
"The talks between the private creditors ... and the Greek government have progressed well and they are very close to an agreement. It is certainly preferable to achieve an agreement in the coming days, preferable to do so in January rather than in February."
ON ECONOMIC OUTLOOK:
"A return to recovery and positive growth is likely to be postponed to the second half of this year."
ON SITUATION IN HUNGARY:
- "Hungary should in the near future take action to meet its targets."
- "It is essential that Hungary's fiscal policy is going to be on a sustainable path."
- "In all there is ample time to take action and ensure that the fiscal targets are met in line with... the stability and growth pact."