The development of EMU will emerge in the Eurogroup
as ministers prepare for the Euro Summit next week.
will be informed that Greece has completed the remaining two prior actions under the third review of its economic adjustment programme.
"Cyprus has already returned to the international markets and certainly through the continuation of the effort will maintain this access," he said, pointing out that the Eurogroup
will state that Cyprus' economy is clearly in a better condition than it was three years ago.
On Thursday, the president of the European Central Bank referred Greece to Monday's Eurogroup
"There has to be room for a compromise," he noted, adding that all the issues would be on the Eurogroup
's agenda, including the resolution fund and the calendar to mutualise the money.
In a statement, the Eurogroup
noted that member states with deficit close to 3 percent of GDP in 2013 are expected to see drops below the level in 2014.
has reached political agreement with the Cypriot authorities on a financial assistance program," Eurogroup
President Jeroen Dijsselbloem said at a press conference after hours of tough negotiations.
The levy was decided at the end of last week at a Eurogroup
finance ministers meeting in Brussels, after Cyprus President Nicos Anastasiades was warned that emergency liquidity assistance to the Cypriot hard pressed banks would be immediately discontinued, Xinhua reported.
So it was no surprise in September 2004, when the "Eurogroup
" comprising the finance ministers of the eurozone member countries--had to install a semi-permanent president, the important job was given to the diplomatically skilled Juncker.
A statement issued in Brussels on behalf of the 17 single currency countries said: "The Eurogroup
acknowledges the considerable efforts already made by the Greek citizens and is convinced that continued fiscal and structural reforms are Greece's best guarantee to overcome the current economic and social challenges and for a more prosperous future of Greece in the euro area.
) finance ministers have reached a deal with Greece on a second 130bn-euro bail-out package that is of great importance to the country that needs the funds to avoid bankruptcy on March 20th when maturing loans must be repaid.
, the EU animal protection lobby, changes to a new look to foster animal protection across Europe.