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President Christofias attends Eurozone Summit
2011-07-22 10:01:49

President Christofias said he was satisfied with the decisions taken by the Eurozone leaders who agreed on a rescue package for debt-stricken Greece in Burssels yesterday.

"It was a very important Summit, during which significant decisions were taken regarding Greece's financial aid package and the eurozone as a whole", President Christofias noted in statements after the Summit, adding that everyone acknowledged the difficulties and the need to take measures that would restore the confidence of investors.

President Christofias described the decision to improve terms on Greece's bailout loan as a positive development stating that the new terms would help Greece stabilize its public debt and prevent further degradation of the Greek economy.

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