The AEB positively assesses the agreement reached by the Eurogroup, as it eliminates uncertainty regarding the financing of the cost of restructuring non-viable entities, thereby facilitating its implementation.
The AEB also highly values the Eurogroup’s adoption of the IMF’s criterion that 70% of the Spanish financial system is sound and can face very adverse economic scenarios. Finally, the AEB believes that the agreement will help strengthen the stability of the Eurozone and the euro.
