Tag Archives: fiscal crisis

European Council Gives Moral Support to Greece

The informal European Council has fully supported the efforts of the Greek government and their commitment to do whatever is necessary to tackle its fiscal crisis. The eurozone Member states have said that they will take determined and coordinated action, if needed, to safeguard financial stability in the euro area as a whole.

However, the declaration lacks any detail whatsoever.

Financial Times has a good round-up of press reactions throughout Europe.