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A European Union task force set-up to help member countries recover from the current economic recession has held a meeting in Brussels.
EU Finance Ministers and market experts met at the EU's headquarters to prepare the agenda for the forthcoming September 16 summit of government leaders.
Members of the task force, are discussing the possibility of granting a second instalment， of emergency loans to Greece that was hit hard by a public debt crisis.
It comes after a massive bailout plan for the country was given the green-light in the spring.
European Commissioner for Economic and Monetary Affairs, Olli Rehn, says there has been agreement on the need to have credible financial discipline against those countries which breach EU budgetary rules.
Olli Rehn, European Commissioner for Economic and Monetary Affairs, said, "We all agree on the need to have credible sanctions, and it is a bit like a football game and so it won't work if the players start to discuss and argue the rules of the game with the referee every time they commit a foul. And therefore the sanctions should be a normal consequence, a quasi-automatic consequence, if the rules are broken."