• ECB decision on OMT is an important crisis response
  • Economic adjustment is taking place across the eurozone
  • Ministers welcome the conditionality requirementrehn
  • Ministers reassured 2012 fiscal target is in reach
  • Recapitalization in Spain is going to plan
  • Calls on Troika and Greece to maintain talks
  • Greece needs robust measures
  • Greek decisions may be taken in Mid-October
  • Confident of progress in Portugal
  • Ireland and Portugal are good examples of programs
  • Ministers invited Cyprus to clarify its intentions
  • Discussed 2 ESM court requests
  • Statement to be released in a few days allowing ESM ratifying
  • 32 billion euros to be paid into the ESM in October