Three cheers everyone, Europe has reached financial stability and can now focus on growth
- Have taken note of ECB’s latest policy measures
- Monetary policy needs to be complemented by mix of fiscal policy, investment and structural reforms
- EU budget rules are an anchor of stability in eurozone
- Cannot stress the importance of structural reforms enough
- structural problems in eurozone economies can only be addressed through reforms and needs time and courage
- EU determined to help members carry out reforms
- Reducing tax burden on labour is one of key reforms
- Welcomes considerable progress made by Cyprus
- Troika will be back in Athens in September