Eurogroup said late Thursday that it supports the decision of Spain to exit from the bailout program in January next year.
"We are fully supportive of Spain's decision not to request any successor European Stability Mechanism (ESM) financial assistance following the programme exit in January 2014," Eurogroup said in a statement.
Speaking at a press conference after Eurogroup meeting, Jeroen Dijsselbloem, Eurogroup President, said, "We congratulated Spain on the successful implementation of its financial sector programme and the ambitious reform steps undertaken thus far."
"This is based on the fact that the ESM financial assistance and reform programme has proven to be successful in addressing financial sector vulnerabilities," said the statement.
The overall situation of the Spanish banking sector has significantly improved, including the access to funding markets of Spanish banks, Eurogroup said.
Eurogroup said it was also "satisfied" that "the regulatory and supervisory framework of the Spanish banking sector has been significantly strengthened, which translates into higher shock resilience of the banking sector."
Spain is also making significant progress in its "ambitious structural reform agenda," exemplified by diminishing budgetary consolidation and macroeconomic imbalances, said the statement.
However, the Eurogroup said the job is not done and called upon the Spanish government to continue its efforts to fight the high unemployment rate and the vulnerabilities stemming from the still high private and external debt.
"We call on the Spanish authorities to rigorously continue the reform momentum to address any remaining challenges regarding the economic and fiscal situation," it said.
The Eurogroup hailed Spain's exit as a "living example that EU-IMF adjustment programmes are successful provided there is a strong ownership and genuine commitment to reforms."
简明释义：欧元集团在一份声明中说： “我们完全支持西班牙的决定，不要求任何继任者欧洲稳定机制（ESM ）财政援助的程序退出。 ” 欧元集团表示，西班牙银行业的整体情况已显着改善，包括西班牙银行融资市场。