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Euro area finance ministers agree on common principles to promote investment, review Greek policy reforms

At their meeting on 7 April, euro area finance ministers adopted a statement setting out common principles to guide national policies for promoting investment.

date:  12/04/2017

See alsoEurogroup, 07/04/2017

At their meeting on 7 April, euro area finance ministers adopted a statement setting out common principles to guide national policies for promoting investment. The principles concern improvement of the business environment, increasing the efficiency of public administration, using high-quality public investment to boost actual and potential growth, developing market-based sources of business financing and removing regulatory barriers to private investment. Ministers also agreed that reforms to support investment should be complemented by policies aimed at improving the quality and governance of public institutions. Finance ministers were also briefed on developments in the intense talks between the European Commission, the European Central Bank, the International Monetary Fund and the European Stability Mechanism and the Greek government over the past month. The institutions and the Greek authorities have reached an agreement on the policy reforms required to move ahead with the second review of the current macroeconomic adjustment programme, which is a prerequisite for unlocking further financial assistance to Greece.