Eurogroup’s Juncker: Further reforms, stabilization efforts “might” be appropriate
- Euro zone will take action to safeguard stability of the euro zone if needed
- Euro zone, with IMF, has all instruments needed for that
- Welcomes Portugal’s commitment to cut deficit to 4.6% of GDP
- Ministers call on Portugal to spell out reforms better
- Ministers have faith Portugal will push through budget, stick to targets
- Greece “generally” on the right path; needs to be more specific on 2011 budget measures
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