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The euro area seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% in July 2014.
The European Stability Mechanism (ESM), Europe's firewall established in 2012 in response to the global financial crisis, will be able to disburse up to EUR 86 billion in loans over the next three years, provided that Greek authorities implement reforms to address fundamental economic and social challenges, as specified in the MoU.
On 14 August 2015, the Eurogroup issued a statement welcoming the agreement reached between Greece and the European institutions, with input from the IMF, on the policy conditionality underlying the new European Stability Mechanism(ESM) programme for Greece.
The Commission has approved 23 multiannual national programmes under the Asylum, Migration and Integration Fund (AMIF) and the Internal Security Fund (ISF). €2.4 billion will flow to frontline Member States dealing with high migratory flows.