Parikia directory for Greece Cyprus and UK

In statements made, following a Eurogroup teleconference between the 17 euro area Finance ministers yesterday, Government Vice-president and Finance Minister Evangelos Venizelos said that Greece presented in detail all measures taken in order to meet the requirements needed. Among these, the cabinet has finalized the decision on the  additional €325 million cuts for 2012.

Ηe further noted that the leaders of both coalition government parties, PASOK's George Papandreou and ND's Antonis Samaras, have given written undertakings for the full implementation of the consolidation programme. Venizelos expressed his hope that Euro zone officials will settle all issues before a new Eurogroup meeting on February 20, paving the way for the announcement of the PSI deal with private creditors on the same day.

Meanwhile, in a statement after the teleconference, Eurogroup head Jean-Claude Juncker said he is confident that Euro zone Finance Ministers will take "all necessary decisions" on Greece next Monday.