Press Release: Implementation of financial rescue packages and treatment of impaired assets, Ecofin Ministers Breakfast Meeting, Brussels, 10 February 2009

Ministers discussed the implementation of financial rescue packages. They agreed that the priority is to fully restore the functioning of credit channels and that to this extent the strategy agreed in October 2008 remains fully valid. In this context, it is important that sound banks can strengthen their capital structure in appropriate conditions so as to avoid further contraction of credit to the economy.