Venizelos with “hot potato” in his hands

On Tuesday, after a conference call with top EU officials, the Greek Finance Minister Evangelos Venizelos stressed that all decisions made by EU leaders on July 26 concerning the new role of the European Financial Stability Facility (EFSF), and the participation of the private sector in the cost of a second bailout for Greece, had to be implemented rapidly and in their entirety.

According to a Finance Ministry announcement, the conference call involved a detailed, point-by-point review of the progress made in implementing the summit's decisions.

Venizelos stressed that applying the decisions concerning Greece is of even greater importance now that the global economic meltdown is becoming worse and worse every day.

Eurogroup chairman Jean-Claude Juncker, European Commissioner Olli Rehn, International Institute of Finance (IIF) head Charles Dallara, EFSF chief Klaus Regling and the chairman of the EU Economic and Financial Committee Vittorio Grilli also paricipated in the phone conference.

Source: ANA-MPA