the monitoring of Greece after the bailout is not tied to the credit line, reviews and any other bailout measures. Copyright: European Union
Finance Minister Euclid Tsakalotos said he was very satisfied from Friday’s eurogroup meeting and that Greece’s growth plan was well received.
The minister said that the monitoring of Greece after the bailout is not tied to the credit line, reviews and any other bailout measures.
Tsakalotos added that Greece’s lenders are very satisfied from the growth plan he presented. On Greece’s debt, the minister said talks are continuing and will be completed at the June 21 eurogroup.
“We are very satisfied from the Eurogroup. It was highlighted that all will finish June 21, which is what we want.
It was also highlighted that lenders will arrive in Athens May 14 so that there is a technical agreement until the May Eurogroup. It was highlighted that there will be a heightened monitoring that is not related to the credit line and reviews – which include measures and tranches. There will be no program, therefore there will be no measures, there will be no reviews. Therefore, there will be no connection between monitoring and reviews.”
The finance ministers of the euro area were briefed in Sofia on Friday about the basic issues that relate to the successful completion of the Greek fiscal adjustment programme, and Finance Minister Euclid Tsakalotos presented Greece’s strategic development plan after the completion of the programme, the Eurogroup said in an official statement.
“The institutions informed the Eurogroup of progress made on the ongoing fourth review of Greece’s financial assistance programme. Minister Tsakalotos presented Greece’s forthcoming comprehensive growth strategy, outlining goals and priorities for the coming years,” the statement said.
“Ministers were also briefed on the key topics that are relevant to the successful completion of the programme. They were informed on the technical work that has been done to date on the growth adjustment mechanism, as part of the possible medium-term debt measures for Greece. They also discussed the possible form that the post-programme framework could take,” it said.