European Commission President Jose Manuel Durao Barroso said he was extremely pleased with the agreement reached Sunday among the eurozone members on all the remaining details of the coordinated European response to provide financial support to Greece if needed.

"With today's agreement, Europe has shown that responsibility and solidarity can go together," he said.

President Van Rompuy, President of the European Council, also welcomed the agreement.

"The agreement today makes the mechanism fully operational and will contribute decisively to the financial stability of Greece and the euro zone," he said.

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