Compliance with such a forward-looking element of the debt reduction benchmark was ensured for 2016.

When asked about a possible renegotiation of Greek public debt President Juncker answered: "I was telling the Greek government (.) that we are ready to come back to the Greek debt issue in October after we have commitments for the next coming months.

Finland, France, Ireland, Italy, the Netherlands, Sweden, Spain and the UK committed to debt cancellation for a total value of €149 million.

2. When a provider establishes himself in their territory, Member States may not require professional liability insurance or a guarantee from the provider where he is already covered by a guarantee which is equivalent, or essentially comparable as regards its purpose and the cover it provides in terms of the insured risk, the insured sum or a ceiling for the guarantee and possible exclusions from the cover, in another Member State in which the provider is already established.

Member States should not lay down more detailed rules concerning the insurance cover and fix for example minimum thresholds for the insured sum or limits on exclusions from the insurance cover.

Financial and industry experts have testified that in order to be able to sell the shares of CN they must have an investment grade bond rating of BBB. To ensure this, the debt will have to be reduced to about $1.5 billion (1325 ) I introduced an amendment in committee to restrict the amount of taxpayers' money that the minister could use for debt reduction to only the amount necessary to reduce the debt to $1.5 billion after first reducing it by all available CN funds on hand and excessive cash flow requirements along with the proceeds of sale of all non-rail real estate assets.