Ad
Juncker: 'It is obvious the Greek programme is off track' (Photo: YoungJ523)

EU ministers agree new bail-out fund, criticise Greece

EU finance ministers have overcome Finnish objections to a permanent bail-out fund for the eurozone, access to which will be made conditional on signing a new treaty on fiscal discipline.

"We were able to agree on a text of the revised treaty concerning the European Stability Mechanism," Chair of the meeting Luxembourg Prime Minister Jean-Claude Juncker told a press conference late Monday night (23 January).

The revised text provides for the ESM, the permanent bail-out fund for ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Ad