"Eurozone Leaders have made some momentous decisions providing a robust and comprehensive response to the sovereign debt crisis in some Eurozone countries", declared Joseph Daul MEP, EPP Group Chairman, on the outcome of the Summit of Eurozone Countries in Brussels (on 21 July 2011).

"Of course these decisions must now be implemented without delay and the Economic Governance Package , currently before the Council and the European Parliament, needs to be finalised as soon as possible, in September at the latest."

"On behalf of the EPP Group, I welcome the measures (including reduced interest rates and extended repayment periods) for Greece and for Ireland and Portugal. These measures will contribute substantially to regenerating economic growth and employment in these countries and throughout the Eurozone."

"I am convinced that the package of decisions made at this Eurozone Summit will bring much needed stability to the financial markets and substantially reduce borrowing costs for many Eurozone countries as well as putting in place the structures to ensure public borrowing remains within agreed limits in future", concluded Joseph Daul.

For further information:
Joseph DAUL MEP, Chairman of the EPP Group, Tel: +32-2-2847525
Antoine Ripoll, Chairman's Spokesman, Tel: +32-475-856290

Notes to Editors:
The EPP Group is by far the largest political group in the European Parliament with 264 Members.