Statement from former French Minister of Finance (including during the botched 2010 Greece bailout) and current Managing Director of the IMF, Christine Lagarde --
I welcome the statements of the Eurogroup and the European Central Bank to make full use of all available instruments to preserve the integrity and stability of the euro area.
She presumably refers to this statement --
Euro area Member States intend to make full use of all the instruments available to preserve the integrity and stability of the euro area.
But: that's not a Eurogroup statement. It's a statement issued by ministers of finance from the 18 EU countries that use the Euro, excluding Greece. Indeed, the statement is titled as a "ministerial" statement, in tacit recognition of the irregular status of that meeting.
I welcome the statements of the Eurogroup and the European Central Bank to make full use of all available instruments to preserve the integrity and stability of the euro area.
She presumably refers to this statement --
Euro area Member States intend to make full use of all the instruments available to preserve the integrity and stability of the euro area.
But: that's not a Eurogroup statement. It's a statement issued by ministers of finance from the 18 EU countries that use the Euro, excluding Greece. Indeed, the statement is titled as a "ministerial" statement, in tacit recognition of the irregular status of that meeting.
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