Euro Summit, 12 July 2015

Main results

On 13 July 2015, the leaders from the euro area member states agreed in principle that they are ready to start negotiations on an ESM financial assistance programme for Greece. 

• Euro Summit statement, Brussels, 12 July 2015

There are a number of strict conditions to be met before negotiations can formally begin.

The agreement will have to be approved by the Greek parliament and by several national parliaments.

"I welcome the progress and the constructive position of Greece that helps to bring back trust among euro zone partners", said Euro Summit President Donald Tusk.

Next steps

Following national procedures, the Eurogroup will work with the institutions to swiftly take forward the negotiations. Euro area finance ministers will also urgently discuss how to help Greece meet its financial needs in the short term, the so-called bridge-financing. 

See also

• Remarks by President Donald Tusk after the Euro Summit of 12 July 2015 on Greece
• Press remarks by Eurogroup President Jeroen Dijsselbloem after the Euro Summit meeting on 13 July 2015
• Eurogroup meeting, 12 July 2015