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Verbatim Text Of Communique From Eurogroup's July 11 Meeting
The following is the verbatim text of the Statement by the Eurogroup issued following its meeting in Brussels on Monday: "Ministers reaffirmed their absolute commitment to safeguard financial stability in the euro area. To this end, Ministers stand ready to adopt further measures that will improve the euro area's systemic capacity to resist contagion risk, including enhancing the flexibility and the scope of the EFSF, lengthening the maturities of the loans and lowering the interest rates, including through a collateral arrangement where appropriate. Proposals to this effect will be presented to Ministers ... (full story)