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Statement by the Eurogroup on Spain

EU News 471/2013

14 November 2013

We congratulated Spain on the successful implementation of its financial sector programme and the ambitious reform steps undertaken thus far. This is also confirmed by the assessment of the Commission, in liaison with the ECB on the fourth review that we discussed today as well as the independent assessment of the IMF. In this respect we also look forward to the completion of the fifth and final review, which should confirm this positive assessment.

We are fully supportive of Spain's decision not to request any successor ESM financial assistance following the programme exit in January 2014.

Source and additional information:

Luis DE GUINDOS, Minister of Economic Affairs and Competitiveness of Spain; Fabrizio SACCOMANNI, Minister of Economy and Finance of Italy (C)EU, 2013 URL