Press Release: Statement by the Eurogroup, 11 July 2011

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.