Luxembourg Prime Minister Jean- Claude Juncker, who heads the group of euro-area finance ministers, said euro leaders agreed on “short-term measures” to aid Spain and Italy.
“We will keep all options open to make the interventions that need to be done to calm the situation,” Juncker told reporters in Brussels today after the first day of a European Union summit. “We will conclude this in definite tomorrow morning. We made significant progress.”
Euro leaders “didn’t close any doors” on short-term measures to calm markets, he said. “The financial markets are confronted with a situation where everything is possible. I don’t want to prioritize one option, nor do I want to rule out an option. Everything is possible.”
Juncker said the measures will be discussed in the coming weeks and euro-area finance chiefs should reach final agreement on July 9.
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